HW 2 Answers: 3. a. Contract. b. Vertical Integration. c. Spot exchange (or possibly contract if a specific investment in many motors is required). d. Spot exchange. 4. Engine manufacturing involves specific investments and a complex contracting environment. By vertically integrating, the potential for opportunism is reduced. Mirrors are relatively uniform products that can be purchased by spot exchange or contract. 5. a. Human capital. b. Physical asset specificity; note
Words: 603 - Pages: 3
How does Mr. Prud’homme react to Finny’s explanation for missing dinner? At first Mr. Prud’homme was going to punish them but after Finny told him about the tree, Mr. Prud’homme had found his explanation amusing. He just stared at him for a little bit and that was all. How does Gene feel about that? Finny is a little amazed that they will not be getting in trouble and that the teacher was not mad at them. He is glad that they had gotten away with not going to dinner. Describe how Finny is a rule
Words: 361 - Pages: 2
When I was a little girl, I faced an opportunity that I did not know would be so life-changing. When I was first presented with this opportunity, I wanted to refuse because it seemed so boring and lame. As a kid, I thought I had better ways to use my time. However, I decided to do it, and soon realized that this was a great choice. This time turned out to be one of the best times in my life. The opportunity that I was faced with was to volunteer at a dog boarding facility. I had the chance to work
Words: 764 - Pages: 4
Boundary objects are items of information perceived and used differently by observers in their own light of their own biases experiences or needs. Susan Starr’s definition of boundary objects was representational forms of things or theories that can be shared between different communities to with each holding its own understanding of the representation. One boundary object that I believe is apart of my professional field working football is Technology. To go a little more in depth there are two different
Words: 477 - Pages: 2
1. What is the idea of the "blank slate"? The “blank slate” is based on the idea that the human mind is a blank slate and all of its structure comes from socialization,culture, parenting, and experience. 2. What are some of the reasons to doubt that our minds are "blank slates"? Pickner says many people have told him that, anyone with more than one child knows that kids come into this world with certain temperature and talents. Any couple in a heretosexual relationship knows that the
Words: 356 - Pages: 2
Do you remember what you did today? Sometimes people don't remember what they did, so they often repeat it. If you tell a secret to someone and they tell everyone you will often remember never to tell that person a secret again, but if you don't remember then it will keep happening. If we do not remember the past we are condemned to repeat it because we have to learn from our mistakes and history is important for the future. The past has more value than we think and can improve the future if we
Words: 641 - Pages: 3
Self-concept is a collection of beliefs about oneself that includes elements such as academic performance, gender identity, sexual identity etc. It develops in a number of ways, especially with interactions with important people in our lives. We often claim that: “perception is reality”. What we mean is that the way someone else see us is their reality and we can’t expect them to see us otherwise, at least not at first. But the real question is how do we perceive ourselves? Who do we think we are
Words: 465 - Pages: 2
If Finny and Gene didn’t have these battles going on within them the bond they shared could’ve easily fallen apart but somehow they found a way to resolve the conflict between them with just a few tears. The friendship they had was built on a foundation of Gene not trusting Finny and Finny trusting Gene too much. Being that Finny was such a loyal friend to Gene, he couldn’t bare the thought of his best friend hurting him on purpose-putting trust into Gene. On the other hand, Gene was not loyal to
Words: 310 - Pages: 2
Belonging and being a member of a society or culture, requires a certain degree of passivity. Parents, teachers, adults who are accepted members of society, raised children to become part of the culture. Children are expected to learn these ideals and replicated it as they grow up. Thoughts, customs, traditions are passed on and embedded within children. As children, they internalize these without much thoughts, it simply becomes an imitation game. In this way, children reproduce these ideologies
Words: 1593 - Pages: 7
While “Miswanting”, a professional article by Daniel T. Gilbert and Timothy D. Wilson address the issue of miswanting, Happy, a commercial documentary directed by Roko Belic, addresses the question of what makes people happy. Daniel T. Gilbert and Timothy D. Wilson refer to miswanting as a common mistake people do in liking certain things now but changing their feelings about it in the future. Happy on the other hand, allows Roko Belic to use human stories collected from around the world and have
Words: 891 - Pages: 4
