In a market system, the costs associated with exchanging goods are known as
A) voluntary costs.
B) signaling costs.
C) implicit costs.
D) transaction costs.
Answer: D
You might also like to view...
In the balance of payments accounts, a net importer of capital is a nation that
a. sells more goods in foreign countries than it imports b. buys more goods from foreign countries than it exports c. sells more assets to individuals in other countries than the assets it buys from them d. buys more assets from individuals in other countries than the assets it sells to them e. imports less machinery than it exports
Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the Gamblers Last Chance Bank of Las Vegas has zero excess reserves. If a new customer deposits $10,000, the bank can now extend new loans up to a maximum of: a. $2,000
b. $8,000. c. $10,000. d. $50,000.
Which of the following statements is not correct?
a. If a firm discriminates by paying short workers less than tall workers, the firm may be able to compete in the market if the firm's customers also prefer taller workers to shorter workers. b. If the government passes regulations that prevent shorter workers from working in higher paying jobs, taller workers may continue to earn higher wages than shorter workers. c. Government regulation that prohibits discrimination is economically necessary because market forces support discrimination. d. Competitive markets will eliminate discrimination in wages over time unless customer preferences also reflect discrimination and/or government intervention promotes discrimination.
If MPC = 0.75 (and there are no income taxes but only lump-sum taxes) when T decreases by 100, then the IS curve for any given interest rate shifts to the right by:
What will be an ideal response?