The most efficient institutional arrangement for carrying out a particular economic activity would be the one that minimised transaction costs.

为实行特别经济活动而作的最有效率的制度安排会是那个有最小交易成本的制度。

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They add that reconstruction will create future economic activity that could offset those borrowing costs.

它们还认为，重建能在未来创造经济活动，或能抵消这些借贷成本。

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Traditionally, hotels have made pricing decisions based on a combination of demand forecasts, supply, operating costs, competitor activity, and gut feel.

传统上，酒店会根据需求预测、供应量、经营成本、竞争对手的活动甚至直觉来制定价格。

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Rarely does a week go past without there being another report about how much this or that activity costs the NHS and thus taxes must be raised.

FORBES: Alcohol, Obesity and Smoking Do Not Cost Health Care Systems Money

Nearly everyone surveyed agrees that groceries, cleaning supplies, gas and rental cars should divided and shared equally, while restaurants, takeout meals, and activity costs should be paid for individually (more on groceries in the next post).

FORBES: Should You Vacation Like A Capitalist Or A Socialist?

The costs of this activity are predictable, which can make it easier to outsource.

FORBES: The Hidden Costs of Outsourcing