Principles of economic interaction

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Caroline has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm’s website in exchange for someone doing their tax returns.

Which of the following principles of economic interaction best describes this scenario?

a. Markets allocate goods effectively.

b. When markets do not achieve efficiency, government intervention can improve overall welfare.

c. All costs are opportunity costs.

d. There are gains from trade.

Reference no: EM13852974

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