Long-Term Contracts

question 144

Multiple Choice

Long-term contracts:

• A) increase transaction costs and increase opportunism.
• B) increase transaction costs.
• C) can reduce opportunistic behavior.
• D) reduce transaction costs and increase flexibility.

---

Definitions:

Gender Schemas

Cognitive structures that dictate the understanding of gender roles and influence how individuals process information related to gender.

Primary Sex Characteristics

The body structures (ovaries, testes, and external genitalia) that make sexual reproduction possible.

Secondary Sex Characteristics

Physical features that emerge during puberty and distinguish the two sexes from each other but are not directly involved in reproduction.

Child Care

The care and supervision of a child or multiple children, ranging from a few weeks to several years of age.