Microeconomic topics do not usually include:
a. the impact of large government budget deficits on private investment spending.
b. the determinants of the supply of wheat by farmers
c. the determinants of the demand for DVD players by consumers.
d. the impact of a change in the price of leather used to manufacture shoes.
a
Economics
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Why is it that the enforcement of contracts by government is so crucial to the conduct of business?
What will be an ideal response?
Economics
Asset specificity is largest when
a. value in first best use is large b. value in second best use is large c. customers choose their supplier at random d. very valuable assets are non-redeployable e. customers are loyal to a particular seller
Economics