To keep employees from shirking, you can invest in greater monitoring
a. because monitoring is inexpensive
b. especially when monitoring is not very efficient
c. when employees respond well to incentive contracts
d. when incentives solve both moral hazard and adverse selection problems with employees
a
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Unemployment in the United States varies considerably over time
a. True b. False Indicate whether the statement is true or false
If more and more states legalize casino gambling in the future, what will likely happen to the market for casino gambling in the states where it is currently legal?
A. The demand curve will shift to the right. B. The supply curve will shift to the left. C. The supply curve will shift to the right. D. The demand curve will shift to the left.
The equilibrium real interest rate is 5 percent. If the real interest rate is
A) anything other than 5 percent, the supply of loanable funds curve and/or the demand for loanable funds curve will shift to move the real interest rate to 5 percent. B) 6 percent, the demand for loanable funds curve will shift rightward as firms enter the market to borrow at the lower rate. C) 2 percent, there is a shortage of loanable funds. D) 8 percent, there is a surplus of loanable funds. E) 3 percent, then the supply of loanable funds curve will shift leftward as new savers enter the market.
Refer to Table 19-9. Suppose that the above table represents the goods and services produced in a very simple economy in 2016. Assume that steel is used as an input in the production of autos. Using that information, calculate GDP for the year 2016
What will be an ideal response?