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Sublight2097 Sublight2097
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8 years ago
Government certification of the weights and measures used in business can be justified because
A) no business operated for profit would have any interest in weighing and measuring accurately.
B) people cannot be trusted.
C) government officials, unlike private parties selling for profit, have no incentive to cheat.
D) it reduces total transaction costs below what they would be if all individual buyers or sellers had to check for themselves.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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