This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How does opportunistic behavior affect a contract?[br][br][b][color=#566D7E]Question ... (Read 69 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jun 30, 2018
How does opportunistic behavior affect a contract?

Question 2

In Argentina, agricultural production is directly related to
 A) government subsidies.
  B) price controls.
  C) import tariffs.
  D) well-defined property rights..


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mbcrismon

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

Opportunism creates a possibility that a party can gain by disregarding or breaking the rules in a contract. It allows a party to profit from actions it knows the contract might not allow, hoping the other party will drop the dispute or pay up. If people never behave opportunistically, a trader's word is as good as his bond. People can concentrate on maximizing the value their transaction creates and bargaining to mutually beneficial outcomes where the contract is incomplete or unclear.

Answer to Question 2

D


waynest

  • Member
  • Posts: 553
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

How to solve a linear system with three unknowns using substitution (Question 2 of 2) How to solve a linear system with three unknowns using substitution (Question 2 of 2)
Hazel Eye Color Hazel Eye Color
Question 37 Part 2 Question 37 Part 2
Economics question Economics question
economic question economic question
Instinctive behavior Instinctive behavior
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library