In a principal-agent relationship
a. the principal wants the agent to act on her own behalf
b. the agent wants the principal to act on his behalf
c. the principal wants the agent to act on the behalf of others
d. the agent wants the principal to act on the behalf of others
a
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If an economy is producing a combination of goods inside its production possibilities curve, it may mean that the nation
a. is overproducing. b. is maximizing its production. c. is under utilizing its resources. d. has no room to grow.
The difference between absolute and comparative advantage is that:
a. absolute advantage refers to input cost, while comparative advantage refers to opportunity cost. b. absolute advantage refers to opportunity cost, while comparative advantage refers to input cost. c. absolute advantage refers to individuals, and comparative advantage refers to countries. d. absolute advantage refers to countries, and comparative advantage refers to individuals. e. absolute advantage is applicable to intranational trade, while comparative advantage applies to international trade.
"I oppose a free trade agreement with Mexico because American workers will lose jobs to low-paid Mexican workers." Explain whether you agree or disagree with this statement
Other things the same, a lower real interest rate decreases the quantity of
a. loanable funds demanded.
b. loanable funds supplied.
c. domestic investment.
d. net capital outflow.