True or false? The Edgeworth box version of inter-personal trade requires the individuals to be in close proximity of one another

A) True, that way they can see each other's endowments and prices.
B) False, begin in close proximity is not required for mutually beneficial trade to occur in the Edgeworth box.
C) True, the Edgeworth box only works when there folks see "eye-to-eye."
D) False, although prices are only valid if they are communicated in person.


B

Economics

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An increase in the price of a close substitute for good A will:

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Assume a simplified banking system subject to a 20 percent required reserve ratio. If there is an initial increase in excess reserves of $100,000, the money supply:

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The tendency of suppliers to offer more of a good at a higher price:

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Economics