Resale is difficult when
A) the good is light-weight.
B) the good is expensive.
C) transaction costs are high.
D) transaction costs are negligible.
C
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In the financial crisis of 2008, which of the following were not among the consequences of high leverage in the banking industry? a. Less investment was undertaken than would otherwise have been the case
b. Less consumption spending took place than would otherwise have been the case. c. Unemployment was lower than it would otherwise have been. d. Real GDP was lower than it otherwise would have been
If the price of labor falls, we can expect
a. demand for labor will increase b. quantity demanded of labor will increase c. demand for labor will decrease d. quantity demanded of labor will decrease e. marginal labor cost to rise