Which of the following is NOT a device to reduce transaction costs?
A) Shopping centers
B) Auto dealers located close together
C) Government prohibitions on advertising
D) Banks that direct funds from savers to borrowers
Correct Answer:
Verified
Q1: The price system features
A) exchanges made in
Q2: Specialists who try to lower transaction costs
Q4: The signaling aspect of the market system
Q9: Which of the following is NOT an
Q11: In a market system, what must take
Q13: An economic system in which relative prices
Q14: Voluntary exchange
A)will eliminate scarcity.
B)is a nonprice rationing
Q16: In a market system, intermediaries in the
Q18: In a market system, the costs associated
Q19: The signals in markets are determined
A) by
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