At Tony's Car Wash, a team of four workers washes and rinses each car by hand, and one worker dries the car by hand. Which of the following is true?
a. Tony will have no principal-agent problems.
b. Tony will have more principal-agent problems in washing and rinsing than in drying the cars.
c. Tony will have more principal-agent problems in drying than in washing and rinsing the cars.
d. Tony will be awash in severe principal-agent problems.
e. Tony will have no incentive to monitor the car wash.
B
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Which of the following will NOT be true if the antitrust laws are successful?
A) Producers will earn zero economic profits in the long-run. B) Firms will not restrict output. C) Firms will produce the competitive output. D) Firms will produce the quantity at which marginal cost equals marginal revenue and charge a price that is greater than marginal cost.
When the official dollar price of a foreign currency is set below its equilibrium level, the foreign currency
A) has been depreciated. B) is overvalued. C) is undervalued. D) is devalued. E) is revalued.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Which of the following is far more likely to be an important part of actual production in the Sudan than it is in the United States?
A. Government deficit spending B. Non-market transactions C. Underestimating saving D. All of the options are correct