________ are the time and resources spent trying to exchange goods and services
A) Bargaining costs
B) Transaction costs
C) Contracting costs
D) Barter costs
B
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A new technology is discovered which results in all new cars producing 50 percent less pollution. Which of the following is true?
A) Real GDP increases because the air is cleaner, but nominal GDP does not change since air is free. B) GDP will increase to reflect the fact that the air we breathe is cleaner. C) GDP will increase if there is an increase in the production cost and price of the car. D) GDP increases anytime pollution is reduced. E) GDP will decrease.
What are the advantages of bank deposits compared to other types of assets?
What will be an ideal response?
Which of the following conditions is least likely to make a corporation a takeover target?
a. high asset-to-liability ratio b. little stock owned by corporate management c. few shares owned by the corporation d. a nonmanagement group of owners of significant shares e. satisfaction with corporate earnings and direction
Studies have shown that in the 1980s the wage gap between college-educated workers and those with high school education or less
a. decreased dramatically. b. decreased slightly. c. remained unchanged. d. widened dramatically.