Unlike developed countries, people in under-developed countries ...

[deesands]

Unlike developed countries, people in under-developed countries usually haggle over the prices of everyday items because:
 a. the cost of production is low.
  b. the products are in general of poor quality.
  c. of the differences in the opportunity cost of time.
  d. adequate substitutes are available.

Question 2

If a consumer is buying three goods A, B, and C, then she will be in equilibrium when total utility from each good is equal.
 a. True
  b. False
  Indicate whether the statement is true or false

[Tonny]

Answer to Question 1

C

Answer to Question 2

False

[deesands]

Correct answers!

[Tonny]

Great! Please up vote