When a trading opportunity is presented to a heterogeneous group of potential traders, those who accept it will be often
A. smarter, on average, than those who do not accept it than those who do not.
B. better, on average, than those who do not accept it.
C. worse-on the average, than those who do not accept it.
D. no different than those who do not.
Answer: C
You might also like to view...
The more substitutes there are for a monopolist's product
A) the less elastic is the demand curve. B) the more elastic is the demand curve. C) the steeper is the demand curve. D) the more positively sloped the demand curve becomes.
The capital market is a market in which only financial capital is acquired
a. True b. False Indicate whether the statement is true or false
Public choice deals exclusively with business decisions
Indicate whether the statement is true or false
Suppose Karl divides his time between making birdhouses and growing artichokes. Karl's friend recently gave Karl some new woodworking tools that greatly reduced the amount of time it takes Karl to make each birdhouse, but the new tools had no impact on the amount of time it takes Karl to grow artichokes. Thus, the new tools ________ Karl's opportunity cost of growing artichokes.
A. had no effect on B. halved C. decreased D. increased