If a brother and sister return home from trick-or-treating on Christmas and engage in a series of voluntary trades of candy, we can conclude that:

Related MCQs

• When using the net present value and the internal rate of return to evaluate capital projects:
• The return to a factor of production which is fixed in supply in the short period is called
• Internal rate of return is also identified as the
• If the internal rate of return (IRR) is negative, then the investor
• The internal Rate of Return (IRR) criterion for project acceptance, under theoretically infinite funds is: accept all projects which have
• The Internal Rate of Return is defined as
• If the internal rate of return (r) is less than the cost of capital,the project should be
• The opportunity cost of a machine which can produce only one product is:
• Who defines economic welfare as “that part of social (general) welfare that can be brought directly or indirectly into relation with the measuring rod of money.”
• Kaldor-Hicks compensation principle can be explained with the help of