The outcome of the state of nature effects the payoff to the agent under a
A) fixed-fee contract.
B) hire contract.
C) contingent contract.
D) All of the above.
C
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All of the following shift the aggregate demand curve to the right EXCEPT
A) an increase in expected future profit. B) an increase in foreign income. C) an increase in government expenditure. D) an increase in taxes. E) an expansion of the global economy.
The financial capital of a firm includes the: a. service provided by its accountants
b. credit cards provided to its top executives. c. equity and bonds issued by it. d. loans accepted from banks. e. computers purchased for its office staff.
As compared to monopoly, a perfectly competitive market typically produces a(n) ______ quantity at a(n) _______ price.
a. higher, higher b. higher, lower c. lower, higher d. lower, lower e. identical, lower
At which interest rate is the present value of $196.85 three years from today equal to $175 today?
a. 2 percent b. 4 percent c. 6 percent d. 8 percent