Under a principal/agent relationship, the agent faces high costs of determining whether the principal is actually making efforts to the extent the agent expects
Indicate whether the statement is true or false
F
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Susan Clark would like to work forty hours per week, but can only find twenty hours per week of work. In the official employment statistics, Susan is classified as:
A. out of the labor force. B. unemployed. C. underemployed. D. employed.
Differentiate between taste-based discrimination and statistical discrimination
What will be an ideal response?
Demand for a good is likely to be less elastic
a. the more narrowly defined the good is b. the larger the good's share of the buyer's budget c. in the long run than in the short run d. the smaller the number of substitute goods available e. at high prices
The answer is: "After a policy measure is implemented, it takes time to affect the economy." What is the question?
A) What is the wait-and-see lag? B) What is the data lag? C) What is the effectiveness lag? D) What is the transmission lag? E) What is the legislative lag?