The More Complicated the Process Used to Produce a Good

question 29

Multiple Choice

The more complicated the process used to produce a good,

• A)the greater are the transaction costs of organizing production through markets
• B)the lower are the transaction costs of organizing production through markets
• C)the less likely a firm will use administrative controls to organize the production process
• D)the more likely a firm will use the market to organize the production process
• E)the more likely consumers will choose to purchase the good over other alternatives in the market

---

Definitions:

Seized Evidence

Items or information gathered through legal authority that are used in court to prove the facts of a case.

Unanimous Agreement

A decision or conclusion reached with the approval and consent of all parties or members involved.

Criminal Trials

Judicial proceedings where an individual is accused of committing a crime and the matter is presented before a judge or jury for determination of guilt.

Higher Standard Of Proof

The requirement to provide more substantial evidence in a legal case to meet a more stringent level of proof.