« previous next »

Author Question: Voluntary exchange increases economic efficiency A) because neither the buyer nor the seller ... (Read 70 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
Voluntary exchange increases economic efficiency
 
  A) because neither the buyer nor the seller would agree to a trade unless they both benefit.
  B) because voluntary exchange only takes place with government permission.
  C) because it allows wealthy individuals to act altruistically and give to the poor.
  D) because it is free and consequently does not cost anything.

Question 2

Which of the following Nobel laureates became known for the study of asymmetric information?
 
  A) Michael Spence B) Ronald Coase C) George Ackerlof D) Gary Becker


brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

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

Production efficiency. Production efficiency.
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
economic question economic question
economic question economic question
The consequences of a single exchange between two nonsister chromatids The consequences of a single exchange between two nonsister chromatids
Political and Economic Systems Political and Economic Systems
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library