The costs of organizing all the affected parties so that bargaining can take place are called
A) search costs.
B) collectivization costs.
C) negotiation costs.
D) monitoring and enforcement costs.
B
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The demand for loanable funds curve slopes downward because the
A) expected rate of profit is related positively to the real interest rate. B) real interest rate is the opportunity cost of investment. C) price of bonds and stocks is not related to the real interest rate. D) higher the real interest rate, the lower the cost of investment. E) expected rate of profit is factor that "rewards" firms for their investment.
What is a location rent? Give an example of a location rent
The balance of payments includes
a. only exports, imports, and service transactions. b. the balance on current account, plus all capital transactions and all official transactions and the statistical discrepancy. c. only the official transactions. d. all goods and services produced in a nation’s economy during a given year.
Answer the following statements true (T) or false (F)
1. The poverty rate for female householders without a husband present exceeds the poverty rate for blacks and Hispanics. 2. The biggest disincentive to employment for those on welfare is the effect of taxes as they earn income. 3. For many welfare recipients, taking a job reduces income. 4. As incomes rise, transfer benefits to the poor decrease. 5. A minimum wage rate job raises a family out of poverty.