Professor Cowen suggests that gift-giving can create value for each of the following reasons EXCEPT:
A. gift-giving can lower search costs.
B. some gifts are given for paternalistic reasons.
C. gifts can signal our values or intentions.
D. the cost of the gift for the recipient is zero.
Answer: D. the cost of the gift for the recipient is zero.
You might also like to view...
How does the expected inflation rate affect the short-run Phillips curve tradeoff between inflation and unemployment?
What will be an ideal response?
Which of the following statements about the economic concept of land is not true?
a. Land includes forests, minerals, and other natural resources. b. Countries that are rich in natural resources are not always successful in exploiting these resources to produce goods and services. c. Land can be combined with labor and capital to produce goods and services. d. Abundant natural resources are necessary for economic growth. e. Countries that lack natural resources need not be characterized by limited economic growth.