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In a market economy, what specifies the terms of exchange, facilitating exchange between strangers?

barry1999

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5 years ago

In a market economy, what specifies the terms of exchange, facilitating exchange between strangers?

In a market economy, what specifies the terms of exchange, facilitating exchange between strangers?

▸ patents

▸ insurance

▸ accounting rules

▸ contracts

Textbook

Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools

Edition: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 123 times

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johnsyke

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barry1999 Author

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5 years ago

This site is awesome!

johnsyke

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5 years ago

Slight Smile

Good luck on the rest

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