This topic contains a solution. Click here to go to the answer

Author Question: Production through the firm is often more efficient than market exchange when a. production ... (Read 25 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
Production through the firm is often more efficient than market exchange when
 a. production requires many transactions among many resource owners
  b. production requires few transactions between two resource owners
  c. the cost of transacting business through market relations is less than the cost of undertaking the same activity within the firm
  d. inputs are easily identified, measured, priced, and hired
  e. the costs of determining inputs and negotiating contracts are low

Question 2

An arbitrageur in foreign exchange is a person who
 a. buys foreign currency, hoping to profit by selling it at a higher exchange rate at some later date
  b. earns illegal profit by manipulating foreign exchange
  c. causes differences in exchange rates in different geographic markets
  d. simultaneously buys large amounts of a currency in one market and sells it in another market
  e. mediates disputes when there is no agreement on exchange rates in international currency markets



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

A

Answer to Question 2

D




V@ndy87

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

For a complete list of videos, visit our video library