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Author Question: Voluntary exchange increases economic efficiency A) because neither the buyer nor the seller ... (Read 35 times)

BrownTown3

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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