The transportation,communications,education,judicial,and other institutional systems that facilitate exchanges are referred to as
A)Infrastructure.
B)Regulatory costs.
C)Trade barriers.
D)Transfer payments.

Question

Quizplus · Accepted Answer

Infrastructure refers to the systems and facilities needed to support economic and social activities, including transportation, communication, education, and legal systems. These systems facilitate exchanges of goods, services, and information between individuals, firms, and countries.

The Transportation,communications,education,judicial,and Other Institutional Systems That Facilitate Exchanges Are Referred