The form of contracting used throughout much of Asia:
a. relational contracting
b. civil law
c. criminalizing civil offenses
d. common law
e. all of the above
A
Economics
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Even when a particular monetary asset is not performing one of the functions of money well, people still use the asset because
A) once an asset is defined as money it is always money. B) people expect money will come back at a later date. C) they have no choice. D) it is still easier than relying on barter.
Economics
The Coase theorem relies on internalizing externalities through ________
A) social enforcement mechanisms B) the provision of corrective subsidies C) the imposition of corrective taxes D) negotiations between the parties involved
Economics