Which of the following is true of opportunism?
a. Opportunism increases the possibility that a party can gain by disregarding the contract.
b. Opportunism lowers the cost of negotiation between parties when the contract is incomplete or unclear.
c. Opportunism allows parties to maximize the value of their transactions.
d. Opportunism leads to mutually beneficial outcomes.
A
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Refer to Table 12.1. The inflation rate forecast for Japan is
A) -0.9%. B) 0.9%. C) 1.1%. D) It cannot be determined from the information provided.
Shifts of the ________ curves result from autonomous monetary policy
A) MP, IS, & AD B) MP & IS, but not AD C) IS & AD, but not MP D) MP, but not IS nor AD E) none of the above
Firms with market power offer a differentiated product in order to
a. follow the trends b. increase market power c. support its contractors in low-wage countries d. fill up costly warehouses e. All of the answers are correct.
The “invisible hand” cannot fully work when government economic polies are in place. Explain
Please provide the best answer for the statement.