In parts of Eastern Europe, companies maintain special guards to protect payday funds, to help move products to market, and to enforce immediate payment for products sold to retailers. All of these features indicate:

A. that property rights are respected and transaction costs are high.
B. that property rights are weak and transaction costs are high.
C. that property rights are respected and transaction costs are low.
D. that property rights are weak and transaction costs are low.

Answer: B

Economics

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The data show that an individual's wealth tends to first increase and then to decrease over the person's lifetime

Indicate whether the statement is true or false

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