True or false? The Edgeworth box version of inter-personal trade requi

True or false? The Edgeworth box version of inter-personal trade requires the individuals to be in close proximity of one another.

A) True, that way they can see each other’s endowments and prices.
B) False, begin in close proximity is not required for mutually beneficial trade to occur in the Edgeworth box.
C) True, the Edgeworth box only works when there folks see “eye-to-eye.”
D) False, although prices are only valid if they are communicated in person.

 

ANSWER

B

 

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00