A negative side of long-term contracts is:
A. high transaction costs.
B. the continual need to renegotiate the contract.
C. a loss of flexibility.
D. None of the statements is correct.
Answer: C
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List four things considered to be shortcomings in the determination of GDP in relation to the use of GDP as a measure of welfare
What will be an ideal response?
The technical term for changing residences is _____________
a. Mobility b. Fertility c. Immigration d. Adaptation
There was a lot of pressure on U.S. policymakers in late 1999 and into the early 2000's to decrease the value of the dollar. This pressure was coming mainly from:
A. foreign central banks. B. U.S. manufacturers. C. foreign manufacturers. D. importers.
Because contractionary fiscal policy raises domestic interest rates, it can be used to fix the value of the domestic currency above the market equilibrium rate.
Answer the following statement true (T) or false (F)