As capital goods depreciate, potential output falls.
Answer the following statement true (T) or false (F)
True
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Companies are never justified in not installing all possible safety devices in their products when the omission of those safety devices could result in the loss of life to the users of the products
Indicate whether the statement is true or false
The function of the agent in the principal-agent relationship is
A) to be trusted with the principal's information. B) to perform tasks for the principal. C) to be the legal advisor of the principal. D) to act as go-between for the principal's negotiations.
Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the civilian labor force is:
a. 30. b. 60. c. 85. d. 90. e. 70.
According to the capture hypothesis, it appears that regulators eventually end up
A. adopting policies that benefit consumers at the expense of the regulated firms. B. satisfying neither producers nor consumers, but striving to control as much as possible. C. adopting policies that benefit the firms being regulated. D. adopting policies that benefit no one.