Firms that anticipate hold-up, choose organizational or contractual forms
a. that give both parties the incentive to make relationship-specific investments
b. that give both parties the incentive to exploit each other's positions
c. that gives both parties an incentive to trade, even after the relationship-specific investments have been made
d. Both A&C
d
Economics
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Economic growth due to labor force expansion or capital investments will result in
I. A leftward shift of short-run aggregate supply. II. A rightward shift in long-run aggregate supply. A) I only B) II only C) Both I and II D) Neither I nor II
Economics
Which of the following is the most likely explanation for inflation in the United States?
A) decreases in aggregate demand B) decreases in aggregate supply C) increases in aggregate demand D) increases in aggregate supply
Economics