Capital resources include money and other financial assets
a. True
b. False
Indicate whether the statement is true or false
False
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John Maynard Keynes created the aggregate expenditures model based primarily on what historical event?
A. economic expansion of the 1920s B. the Great Depression C. spectacular economic growth during World War II D. bank panic of 1907
In the presence of asymmetric information, a hire contract
A) achieves production efficiency. B) can lead to opportunistic behavior on the part of the agent. C) is impossible to write. D) will result in the principal earning all of the profit.
If View Your World, a high-end window manufacturer, has contracted with a supplier to produce their glass, this is an example of ________.
A) outsourcing B) forward integration C) backward integration D) a market transaction
Will and Grace have adjoining unfenced back yards and each has just adopted a new puppy. Will values a fence between their yards at $250 and Grace values a fence between their yards at $200. The cost of building the fence is $300, which will be split equally if they both agree to build the fence. Therefore, their payoff matrix is as follows. If Will decides to build the fence, then Grace will earn a higher payoff by ________, and if Will decides to not build the fence, then Grace will earn a higher payoff by ________.
A. not helping to build the fence; also not building the fence B. helping to build the fence; also not building the fence C. not helping to build the fence; building the fence D. helping to build the fence; building the fence