Managers (________) may act in their own interest rather than in the interest of the stockholder-owners (________) because the managers have less incentive to maximize profits than the stockholder-owners do
A) principals; agents
B) principals; principals
C) agents; agents
D) agents; principals
D
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Assume the population growth rate is 2 percent and the real GDP growth rate is 5 percent. The change in standard of living, as measured by the growth rate in real GDP per person, is
A) 7 percent. B) 2.5 percent. C) 5 percent. D) 3 percent. E) -3 percent.
If a U.S. firm purchases a foreign firm that violated the Foreign Corrupt Practice Act (FCPA), the U.S. firm ________ responsible for the foreign firm's actions under Part ________ of the FCPA.
A) is; III B) is not; II C) is not; III D) is; II
Explain how an increase in the price level changes interest rates. How does this change in interest rates lead to changes in investment and net exports?
The growth path of the US economy is considered to be
A. Stumbles and setbacks. B. Old and steady. C. Smooth and predictable. D. Consistent and reliable.