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Irreversible Investments

Question 64

Multiple Choice

Irreversible investments:


A) are the costs of shifting workers from declining sectors of the economy to the growing sectors.
B) are valuable assets that are pledged to a lender to secure a loan.
C) are the tendency for economic activities to be coordinated at common points in time.
D) have high value only under specific conditions-they cannot be easily moved,adjusted,or reversed if conditions change.

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