The costs of ensuring that the parties live up to the promises they made in bargaining are called
A) search costs.
B) collectivization costs.
C) negotiation costs.
D) monitoring and enforcement costs.
D
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Which of the following has occurred as the millennial generation has come of age?
A) The demand for golf equipment has decreased in the U.S. market. B) The demand for traditional fast food has increased in the U.S. market. C) The demand for "fast casual" food has decreased in the U.S. market. D) all of the above
An efficient outcome can always be reached by requiring the individual who produces the externality to fully compensate individuals for any damage inflicted.
Answer the following statement true (T) or false (F)
Italy should specialize in the production of
A. neither good and import both goods. B. cars and import boats. C. both goods and import neither good. D. boats and import cars.