Limitations of bargaining include:
A. contracts may not need enforcing.
B. the assignment of property rights may be ambiguous.
C. if the parties have too much information, bargaining may be unnecessary.
D. All of the responses are correct.
B. the assignment of property rights may be ambiguous.
You might also like to view...
Which of the following statements is true?
A) Models help economists to explain the past, but do not help in predicting the future. B) The scientific method used by economists is based on idealism and not empiricism. C) Testing with data enables economists to distinguish between good models and bad models. D) Models that economists use are perfect replicas of reality.
An advantage of a negative income tax is that there are no disincentives to earning additional income
a. True b. False
Which of the following would not be considered a signal for a job as a public relations representative?
a. the number of minutes the candidate is allotted in the interview b. a high grade point average c. the suit the candidate wears to an interview d. the reputation of the college the candidate attended e. past salary history
Which of the following shows an advantage of advertising?
a. A billboard ad persuades Min-seo that using a perfume will enable her to get the man of her dreams. b. A magazine ad causes Seo-yun to mistakenly think a cosmetic prevents acne. c. A TV ad causes Do-yun to consider buying a sports car he cannot afford. d. A radio ad informs Ji-hu that a sale he wants to go to will last only one more day.