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Author Question: The more complicated the process used to produce a good, a. the greater are the transaction costs ... (Read 17 times)

tiara099

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The more complicated the process used to produce a good,
 a. the greater are the transaction costs of organizing production through markets
  b. the lower are the transaction costs of organizing production through markets
  c. the less likely a firm will use administrative controls to organize the production process
  d. the more likely a firm will use the market to organize the production process
  e. the more likely consumers will choose to purchase the good over other alternatives in the market

Question 2

The purchasing power parity theory helps explain long-run trends in exchange rates, but not short-run fluctuations.
 a. True
  b. False



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bigcheese9

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Answer to Question 1

A

Answer to Question 2

A




tiara099

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  • Posts: 588
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


lkanara2

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Reply 3 on: Yesterday
Excellent

 

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