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LenaWriter [7]
3 years ago
9

Examples of transaction costs include ​(check all that​ apply): A. the cost of the externality. B. the cost of monitoring an agr

eement. C. the cost of drafting a contract or agreement. D. the difference between the private costs and social costs of production. E. the time required to negotiate an agreement. When are we likely to see private solutions to the problem of​ externalities?
Business
1 answer:
Paha777 [63]3 years ago
3 0

Answer:

The correct answer is option B, C, and E.

Explanation:

Transaction cost refers to the cost incurred on resources and time necessary for facilitating exchange of goods and services.

Among the given options, the examples of transaction cost is cost of monitoring an agreement, the cost of drafting a contract or agreement, and the time required to negotiate an agreement.

All these costs are incurred in order to facilitate exchange of goods and services.

The problem of externalities can have efficient private solution if these transaction costs are low otherwise the governement has to intervene to efficiently allocate resources.

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Changing in response to the supply-side policy.

<h3>What causes a movement along the Phillips curve?</h3>
  • An increase in AD is a shift from point A to point B. Inflation rises, and the jobless rate falls when AD rises. A shift from point A to point C corresponds to a reduction in AD.
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A movement along the phillips curve shows that the unemployment rate and inflation rate are.

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To learn more about the Phillips curve, refer to:

brainly.com/question/14058703

#SPJ4

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