If the managers of View Your World, a high-end window manufacturer, spend considerable time researching different prices and quality measures offered by multiple glass firms, the time spent is considered to be a(n) ________ cost.
A) monitoring
B) negotiation
C) information
D) enforcement
C) information
You might also like to view...
Commercial banks create new money:
A. by issuing checks. B. when they increase their desired reserve/deposit ratio. C. when they buy government bonds from the Federal Reserve. D. through multiple rounds of lending.
Why does the double taxation of saving occur? Provide a numerical example of the double taxation of saving under a traditional income tax
What will be an ideal response?
If a price floor is not binding, then
a. there will be a surplus in the market. b. there will be a shortage in the market. c. there will be no effect on the market price or quantity sold. d. the market will be less efficient than it would be without the price floor.
A means tested government program is one that:
A. is pilot tested to see if it works. B. provides assistance to those below a certain income level. C. is temporary and ends after a short period of time. D. All of these