which of the folowing is not true about transation costs? If a country has high transaction costs, there will likely be lower levels of private investment. When transaction costs are high in a country, it means that a lot of transactions are taking place. Transaction costs are defined as ex ante ("before-hand") costs of negotiating an agreement/contract and ex post ("afterward") costs of enforcing the agreement. All of these are true. (In other words, if all of the 3 stated choices are true, then select this answer.) None of these are true. (In other words, if none of the 3 stated choices are true, then select this answer.)