When attempting to build a shopping center the size of several city blocks a developer anticipates a holdout problem in his preferred location. Which of the following is not an option the developer has available to get around the holdout problem?
a. Substituting to another location by building the shopping center on former farmland on the urban fringe.
b. Lobbying the local government to use eminent domain on potential holdouts.
c. Attempting to purchase the properties through dummy corporations to hide his true intent.
d. Using contracts that increase everyone's sale price by a small percentage if everyone sells.
d
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A(n) ________ multiplies delayed utils to translate them into current utils
A) simple weight B) discount weight C) compound weight D) exponential weight
Which of the following statements is correct? Classical economists
a. believe demand as well as supply determines aggregate output. b. believed in an active role for government in managing the economy through tax policy. c. gave little explicit attention to factors that determined the overall demand for commodities. d. were worried about depressions that could come about because of too little government consumption.