When both worker productivity and the price of the output being produced increase in an LDC, we can expect labor
a. demand to increase
b. demand to decrease
c. supply to increase
d. supply to decrease
e. supply and demand to shift out to the right
A
Economics
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The Coase theorem asserts that under certain conditions, the property rights to an activity will be acquired by the party that values it most
Indicate whether the statement is true or false
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Opportunism may occur when
A) both parties have limited information. B) both parties have full information. C) one party has information the other does not. D) All of the above.
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