Which of the following did not contribute to the high transaction related risks for U.S.potato sales in 1840?
A)Infrequency of transactions
B)Changing transaction partners
C)Lack of availability of sales and prices for comparable goods
D)Competition from European merchants
E)Geographic distance between buyers and sellers

Question

Quizplus · Accepted Answer

The competition from European merchants would have contributed to the high transaction related risks for U.S. potato sales in 1840, as it would have further increased the uncertainty and volatility in the market. All the other options - infrequency of transactions, changing transaction partners, lack of availability of sales and prices for comparable goods, and geographic distance between buyers and sellers - would have also added to the risks involved in potato sales during that time.

Which of the Following Did Not Contribute to the High