a) What of the following is a characteristic of a complete contract market?

1) The exchange is contested.

2) Claim enforcement is endogenous.

3) Claim enforcement is exogenous.

4) There is a short market side.

b) The different results of games in small societies suggest that

1) human nature does not exist.

2) cultural differences do not matter.

3) human nature and cultural differences affect behaviour.

4) human nature is rational and self-interested.

c) indicate if the following statements are true or false:

human beings are the only cooperative species that can also compete to obtain resources, survive, reproduce, etc. This clearly contradicts the self-interest assumption of the Homo economicus

True

False