Middlemen:

a. increase transaction costs.
b. increase the price of goods, services and resources without providing any benefits.
c. impede trade and hinder economic growth.
d. reduce transaction costs.


d. reduce transaction costs.

Economics

You might also like to view...

With the policy rate set at zero, the rise in expected inflation will lead to a ________ in the real interest rate, which will cause investment spending and aggregate output to ________

A) fall; rise B) fall; fall C) rise; rise D) rise; fall

Economics

An increase in the price of a particular bond implies an increase in the interest rate for that bond.

Answer the following statement true (T) or false (F)

Economics

Demand-side changes explain everything about stagflation

a. True b. False Indicate whether the statement is true or false

Economics

If demand is elastic, a price reduction will lead to an increase in total revenue.

Answer the following statement true (T) or false (F)

Economics