Relationship-specific investments include:
A. dedicated assets.
B. human capital.
C. site specificity.
D. All of the statements associated with this question are correct.
Answer: D
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Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse. Why would overfishing occur in this common market?
A) Fishing occurs until marginal cost per boat equals marginal social benefit which is inefficient. B) Fishing occurs until marginal social cost per boat equals marginal social benefit which is inefficient. C) Fishing occurs until marginal cost per boat equals marginal benefit which is inefficient. D) Fishing occurs until marginal social cost per boat equals marginal cost which is inefficient.
List four types of government policies which can aid economic growth
What will be an ideal response?
There is widespread ____ about the causes of poverty and widespread _____ about how to alleviate poverty.
A. agreement; agreement. B. disagreement; disagreement. C. agreement; disagreement D. disagreement; agreement.
What is consumer surplus?
a) a buyer's willingness to pay, minus price b) a buyer's willingness to pay, plus price c) the price of the product minus the buyer's willingness to pay d) the price of the product plus the buyer's willingness to pay