According to Coase, the optimal allocation of resources is guided ...

[segrsyd]

According to Coase, the optimal allocation of resources is guided by
 a. the decisions of a firm's managers
  b. market prices when market transaction costs are greater than the firm's internal organization costs
  c. the decisions of a firm's managers when market transaction costs are greater than the firm's internal organization costs
  d. the decisions of a firm's managers when market transaction costs are less than the firm's internal organization costs
  e. entrepreneurs

Question 2

Which of the following statements concerning speculators is true?
 a. There is no risk involved in speculative activity.
  b. They simultaneously buy and sell a currency in different markets.
  c. They hope to profit by trading a currency at a different exchange rate later.
  d. Their actions do not affect exchange rates.
  e. Their actions are exactly like those of arbitrageurs.

[KKcool]

Answer to Question 1

C

Answer to Question 2

C

[segrsyd]

Excellent

[Liamb2179]

YES! Correct, THANKS for helping me on my review