Which of the Following Is NOT an Example of a Transaction

question 375

Multiple Choice

Which of the following is NOT an example of a transaction cost?

• A) The enjoyment of owning the good.
• B) The opportunity cost of time spent looking for stores that sold the good desired.
• C) The cost of returning a defective product.
• D) Time spent bargaining over the price of a good.

---

Definitions:

Royal Road

A metaphorical expression indicating a direct and effortless path to achieving a difficult task or understanding complex concepts.

Unconscious

In psychodynamic theory, descriptive of ideas and feelings that are not available to awareness; also: without consciousness.

Irrational Beliefs

Illogical or unreasonable thoughts and assumptions that can lead to emotional distress and behavioral issues.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome.