Which of the Following Is Not a Problem When Measuring

question 62

Multiple Choice

Which of the following is not a problem when measuring transaction costs?

• A)transaction costs are net of trade benefits
• B)transaction costs reduce the volume of trade
• C)transaction costs are difficult to observe
• D)transaction costs are normally opportunity costs

---

Definitions:

Laptops

Portable computers that are small and light enough to be used on one's lap, combining all the components and capabilities of a desktop computer.

Desktops

Personal computers designed for regular use at a single location, as opposed to portable laptops.

Mixed Numbers

Numbers consisting of an integer and a proper fraction, representing a value between two whole numbers.

Lowest Terms

A fraction that cannot be reduced by any common divisor.