What was the main benefit of the advent of the telegraph and the telephone? A. People could communicate more quickly over long distances.
B. People living in different regions could read the same news.
C. Individuals could write and share their ideas with the greater
public.
D. People could see what other parts of the world looked like.
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Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.