Resale Is Difficult When

question 5

Multiple Choice

Resale is difficult when

• A)the good is light-weight.
• B)the good is expensive.
• C)transaction costs are high.
• D)transaction costs are negligible.

---

Definitions:

Aristocratic Senate

A legislative body or chamber that is comprised of members of the aristocracy, typically representing privilege, inherited titles, or elevated social status.

Anti-Federalists

Individuals who opposed the ratification of the United States Constitution, fearing a too powerful central government.

Representatives

Individuals elected to serve in a legislative or parliamentary body to act and make decisions on behalf of a larger group or constituency.