Edward is an unmarried man with no children. He loses his job as the manager of a company. After three years of job searching, Edward manages to finally get a job in a small company. Edward's three years of unemployment are most likely to result in _____
a. a loss of lifetime earnings for Edward
b. a loss of human capital for the broader society
c. the deterioration of health for the broader society
d. a loss of social cohesion for the broader society
a
Economics
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If parties to a contract can anticipate the court's decision in the event of a dispute with some degree of certainty:
a. opportunistic behavior will never be detected. b. opportunistic behavior will be partially detected. c. there will be less room for opportunism. d. only one of the parties will be able to act opportunistically.
Economics
Millionaires do not face the problem of scarcity.
Answer the following statement true (T) or false (F)
Economics