If Luxury Cabinets, a kitchen cabinet manufacturer, builds a cabinet plant near Big Woods, a timber harvesting farm, to reduce the costs of transporting lumber, the cabinet plant is a(n) ________.
A) information asset
B) negotiation asset
C) transaction-specific asset
D) monitoring cost
C) transaction-specific asset
Economics
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Which of the following risks cannot be hedged by an insurance?
a. Exports damaged during shipment b. Theft during movement of goods c. An electrical fire at a warehouse d. Decreased sales resulting from poor salesmanship
Economics
Which of the following activities is excluded from GDP, causing GDP to understate a nation's well-being?
A. The services of used-car dealers. B. The child-care services provided by stay-at-home parents. C. The construction of new houses. D. Government expenditures on military equipment.
Economics