Author Question: Your local grocery store reduces transaction costs to the consumer A) by reducing the consumer's ... (Read 130 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
Your local grocery store reduces transaction costs to the consumer
 
  A) by reducing the consumer's need to travel from food producer to food producer (or manufacturer to manufacturer) to purchase the food staples that the consumer desires.
  B) by providing a system that directs funds from lenders to borrowers.
  C) by providing a system of justice to enforce contracts.
  D) All of the above are correct.

Question 2

The fact that our wants are unlimited but our resources are limited implies that
 
  A) we should limit our wants.
  B) entrepreneurship has failed as an economic system.
  C) we have to make choices.
  D) the only way to make someone better off is to make someone else worse off.



Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

For a complete list of videos, visit our video library