Multiple Choice
Two social institutions that are essential for trade to be organized are
A) property rights and laws.
B) markets and banks.
C) businesses and banks.
D) markets and property rights.
Correct Answer:

Verified
Correct Answer:
Verified
Q86: In one week Alice can produce 5
Q87: Country A is a high income country,
Q88: The most anyone is willing to pay
Q89: When the production possibilities frontier is bowed
Q90: When the opportunity cost of producing more
Q92: Resource use is allocatively efficient when marginal
Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q94: The kitchen manager at an Italian restaurant
Q95: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The opportunity cost
Q96: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure