The cash or concessions present in contract terms that parties agree to in order to share risks are called:
a. quid pro quos.
b. property rights.
c. flexible takes.
d. contract prices.
A
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Bobby is offered a job as a salesperson in which there is a 50 percent chance that he will make $2,000 and a 50 percent chance that he will make $10,000. Bobby's utility of wealth curve is shown in the figure above
What is Bobby's expected income from taking this job? A) $4,000 B) $6,000 C) $2,000 D) $10,000
If Q = K2L2 the MPL is
a. constant b. diminishing c. increasing
XYZ Corporation plans to open a manufacturing plant in China, but the company has not retained any of its yearly profits for this purpose. How will XYZ Corporation likely raise the money to finance its offshore expansion?
a. Selling bonds to institutional investors b. Selling bonds to municipal households c. Issuing Treasury bills to stakeholders d. Encouraging momentum selling of its stock
_____ improves exchangeability, and reduces the cost of obtaining information about a good and about the parties involved in the transaction
a. De-integration b. Outsourcing c. Vertical integration d. Standardization