The ways to address agency costs include
a. gathering information about the agent's characteristics before hiring
b. gathering information about the agent's actions once hired
c. incentivizing agents to work on behalf of principals
d. all of the above
d
You might also like to view...
When a country imports a good, the ________ to consumers is ________ the ________ to producers
A) loss; smaller than; gain B) loss; larger than; gain C) gain; smaller than; loss D) gain; equal to; loss E) gain; larger than; loss
Suppose the equilibrium price of a gallon of gasoline drops from $3.00 to $2.85 and the equilibrium quantity increases from 365 millions of gallons per week to 372 millions of gallons per week. These changes can be the result of
A) an increase in supply. B) an increase in demand. C) a decrease in supply. D) a decrease in demand.
In the U.S. balance of payments, exports to Europe are recorded as a
a. a use of funds in the current account. b. negative item in the current account. c. capital inflow item. d. capital outflow item. e. None of the above
Autonomous determinants of consumption expenditures are dependent on the level of current disposable income
a. True b. False Indicate whether the statement is true or false