Which principle helps buyers and sellers make decisions about whether to trade?
A)the cost-benefit principle
B)the equity principle
C)the law of diminishing returns
D)the law of surplus

Question

Quizplus · Accepted Answer

The cost-benefit principle helps buyers and sellers weigh the potential costs and benefits of a transaction in order to determine if it is worth pursuing. It involves comparing the expected benefits of an action to the expected costs, and only going through with the action if the potential benefits outweigh the potential costs.

Which Principle Helps Buyers and Sellers Make Decisions About Whether