Describe the bounds of the family

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1. Time is important in roundabout production however not in direct production. Is this statement true or false? Describe. Why does the demand curve for loanable funds slope down? Why does the supply curve for loanable funds slopes upward?

2. Can the problems of imperfect as well as asymmetric information be used to enrich Coase's theory of the firm? How?

3. Can the clarifications of the boundaries of the firm, as developed in this unit - be used to describe the bounds of the family? That is why are lengthy families (involving more than two generations) common in some nations, however not in others?

Reference no: EM135334

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