Which of the Following Is Not an Element of Friction-Free

question 16

Multiple Choice

Which of the following is not an element of friction-free commerce?

• A) Information is equally distributed.
• B) Transaction costs are high.
• C) Prices can be dynamically adjusted to reflect actual demand.
• D) Unfair competitive advantages are eliminated.

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Definitions:

Economic Effects

The broad impact of financial activities and policies on a country's economy, including factors like growth, employment, and inflation.

Immigration

The process by which individuals move into a country of which they are not natives or where they do not possess citizenship, in order to settle or reside there.

Tax Revenues

The income that is received by a government from taxpayers within its jurisdiction, used to fund public services and obligations.

Government Spending

The total amount of public sector expenditure on goods and services, including infrastructure, healthcare, and education.