Which of the following is NOT a type of specialized investment?
A. Physical-asset specificity
B. Site specificity
C. Human capital
D. All of the statements associated with this question are types of specialized investments.
Answer: D
Economics
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A free good is:
A) also a scarce good. B) a relatively abundant good. C) a good with no opportunity cost. D) a good with relatively low opportunity cost.
Economics
Which of the following statements is NOT true of a corporation?
A) It is an entity separate from the individuals who own it. B) It can enter into contracts. C) It can incur debt that is an obligation of the corporation but not of its individual owners. D) It has the right to sue and be sued. E) It is legally obliged to distribute all profits to shareholders.
Economics