Which of the following is a reason for the inadequacy in ad hoc attempts-internalizing external costs and assigning property rights to unowned goods such as wild species-to repair market failures?

A. The biomimicry problem
B. The first-generation problem
C. The backcasting problem
D. The fungibility problem


Answer: B

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In what era did HRM’s role primarily involve labor relations?

a) Internationalization b) Financial crisis c) Globalization d) Industrialization

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Over the past 30 years, most economies of the world have begun moving toward the market end of a spectrum that ranges from pure planned economy at one extreme to pure market economy at the other. This has led to:

A. more investments on human services such as free healthcare and education subsidies. B. a reduction in incentives for both domestic and foreign investment. C. stronger centralized government control over businesses. D. reduced red tape in socialist governments.

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The Restatement defines a contract as "a promise or set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty."

Indicate whether the statement is true or false

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A constitution is a body of principles that establishes the structure of a government and the relationship of that government to the people who are governed

Indicate whether the statement is true or false

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