The idea that some investments cannot be easily moved,adjusted,or reversed if conditions change is called:
A) intertemporal substitution.
B) irreversible investment.
C) time bunching
D) collateral damage.

Question

Quizplus · Accepted Answer

Irreversible investment refers to the idea that some investments cannot be easily undone or altered if conditions change, making them riskier than investments that can be easily adjusted or reversed. Intertemporal substitution refers to the idea of shifting consumption or investment over time, time bunching is a behavior of doing things at the same time or in clusters, and collateral damage refers to unintended harm or damage caused by a particular action.

The Idea That Some Investments Cannot Be Easily Moved,adjusted,or Reversed