Answer:
Open listing
Explanation:
In an open listing, the seller of the house has two or more brokers trying to complete the transaction, and only the broker who manages to sell the property receives a commission.
Patsy has an open listing because 1) she has two brokers competing for selling the house 2) she will only pay a commission to the broker who completes the transaction successfully.
Europe's most productive and profitable oil fields are located beneath the North Sea. These areas, however, are controlled by both Great Britain and Norway.
Answer:
The rate of return to investment became lower than the cost of investment, so it was not undertaken; Labour saw no need to demand wage restraint, instead of pushing for excessive wage increases; Strikes, inflation, and failing industry ensued.
Explanation:
Answer:
Incomplete Contracts: Do not optimally use all commonly observ-able information. Will be renegotiated at some point in time (bargain-ing). Reasons for contractual incompleteness: Bounded rationality: Parties cannot write long-term state-contingent contracts. Cannot foresee all possible future states.
Explanation:
The correct answer is D aka Four i just took the test
