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Author Question: In a world of perfect information, if consumers could costlessly contract with private contractors ... (Read 50 times)

renzo156

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  • Posts: 526
on: Jun 30, 2018
In a world of perfect information, if consumers could costlessly contract with private contractors to produce a good and there were no economies of scale,
 a. firms would be unnecessary
  b. markets would be unnecessary
  c. consumers would be unnecessary
  d. consumers would face greater production costs
  e. firms would be more efficient than the market

Question 2

A leftward shift of the Japanese demand curve for foreign exchange will
 a. increase the price of foreign exchange in Japan
  b. decrease the value of the yen
  c. make foreign goods more expensive in terms of yen
  d. make foreign goods less expensive in terms of yen
  e. make Japanese goods less expensive in terms of foreign exchange


livaneabi

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  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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