Economists Know That Consumers and Producers Are Both Made Better

question 104

Multiple Choice

Economists know that consumers and producers are both made better off than they would be without free exchange because the exchanges are

• A)mandated by government.
• B)voluntary.
• C)able to make consumers better off by an amount that compensates producers for their losses.
• D)able to make producers better off by an amount that compensates consumers for their losses.

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Mnemonic Device

A method or technique, such as a pattern of letters or ideas, used to assist in remembering information.

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