Question
One advantage of the first in time, first in right rule is: 1) It encourages a low investment. 2) It generates high transaction costs. 3)
One advantage of the "first in time, first in right" rule is:
1) It encourages a low investment.
2) It generates high transaction costs.
3) It is simple to understand and inexpensive to apply.
4) Has no effect.
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
