To keep employees from shirking, invest in greater monitoring
a. when monitoring is expensive relative to its benefits
b. especially when monitoring is efficient
c. when employees respond well to incentive contracts
d. when incentives solve both moral hazard and adverse selection problems with employees
b
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Using the above table, the marginal utility for the sixth glass of water is
A. -5 utils. B. 5 utils. C. 260 utils. D. 255 utils.
What is rent seeking and how is it related to regulatory capture?
What will be an ideal response?
When box office receipts are not corrected for inflation, the most popular movie of all time is
a. Star Wars: The Force Awakens. b. Avatar. c. Gone With the Wind. d. The Dark Knight.
Before the Industrial Revolution, living standards in the world:
A. Were relatively stagnant for long periods of time B. Were already rising significantly for many decades C. Are not known, for lack of reliable records from that period D. Were declining because of rapid increases in population