spot exchange
What will be an ideal response?
buyer and seller of an input meet, exchange, and go separate ways specialization, avoid contract costs but has a possible "hold up" problem
Economics
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At a recent company meeting, Ravi Batra, sales manager of Life's a Beach, a surfboard producer announced, "We have increased our sales by 13 percent in just 9 months
" Suppose 9 months ago, its sales amounted to $245,000, what is the value of its sales today? A) $31,850 B) $207,638 C) $276,850 D) $359,905
Economics
In 1932, Walter Cannon of the Harvard Medical School coined the phrase ________________ to refer to the alerted condition of the body as it prepares for physical battle or escape
a. Terror or fright b. Push or pull c. Punch or race d. Flight or fight syndrome
Economics