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Question 5 (1 point) Listen What term refers to something valued for its own sake, not just its usefulness? Extrinsic value Instrumental value Intrinsic value 12 Transcation value 15 Question 6 (1 point) Listen 18 According to the textbook, why is it important to understand what social action problems are? Once we learn how to recognize social action problems, we can more easily lon predict when moral hazard will arise between shareholders. O Once we learn how to recognize social action problems, we can maximize our reputational capital. Once we learn how to recognize social action problems, we can avoid regulations that create inefficiencies in a perfectly competitive market. Once we learn how to recognize social action problems, we can take concrete steps to incentivize cooperation. Question 7 (1 point) Listen hp