Transaction Costs of Private Contracts Are Higher

question 61

Multiple Choice

Transaction costs of private contracts are higher:

• A)when direct contact between economic actors is frequent.
• B)when the number of actors involved is relatively small.
• C)when the economic actors involved are more homogenous.
• D)when large specific investments have been made.

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Definitions:

Positive Work-Related State

A condition in which employees feel a sense of satisfaction, motivation, and engagement in their work.

Vigour

Physical strength, good health, or intensity in action or expression.

Cyberbullying

Employing online communication tools to intimidate or threaten someone by sending them such messages.

Harassing Messages

Unsolicited and aggressive communications that cause distress or discomfort to the recipient.