In economics, the term for a person who reduces transaction costs by arranging trades for buyers and sellers is
A) an exchange broker.
B) a middleman.
C) a transactions specialist.
D) an opportunity finder.
Correct Answer:
Verified
Q207: Economic thinking suggests that a nation in
Q208: Given freedom of movement for both goods
Q209: Which of the following is true regarding
Q210: Middlemen are individuals who
A) add to the
Q211: Internet sites such as eBay make it
Q213: Opportunity cost is defined
A) only in terms
Q214: High transaction costs will tend to
A) reduce
Q215: Which of the following most accurately states
Q216: A middleman is a person who
A) specializes
Q217: Middlemen, such as grocers, stockbrokers, and realtors
A)
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