Author Question: Firms emerge when transaction costs of using the market are less than the cost of hierarchical ... (Read 156 times)

viki · **on:** Jun 30, 2018

Firms emerge when transaction costs of using the market are less than the cost of hierarchical control.
a. True
b. False

Question 2

A rightward shift of the Mexican demand curve for foreign exchange will
a. decrease the price of foreign exchange in Mexico
b. increase the value of the peso
c. make foreign goods less expensive in terms of pesos
d. make foreign goods more expensive in terms of pesos
e. make Mexican goods more expensive in terms of foreign exchange