Which of these is NOT a Principle of Economic Interactions?
A. Trade can be mutually beneficial.
B. Markets are usually a good way of coordinating trade.
C. Govt can potentially improve market outcomes if there is a market failure or if the market outcome is inequitable.
D. People face tradeoffs
The three principles concerning economic interactions are (1) trade can make everyone better off, (2) markets are usually a good way to organize economic activity; and (3) governments can sometimes improve market outcomes.
