The type of contract selected depends on the information available to the parties
What will be an ideal response?
True. The efficiency in production and risk bearing from a specific contract will depend on the information available to the principal and agent.
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The value of net exports is:
A. exports imports. B. imports exports. C. exports+ imports. D. (exports +imports) tariffs.
At the natural rate of unemployment, the long-run Phillips curve has a(n)
a. vertical slope. b. horizontal slope. c. upward slope. d. downward slope.
Okun's Law posits a relationship between which two variables?
Select one: a. The interest rate and real GDP b. The unemployment rate and inflation c. The unemployment rate and real GDP d. The unemployment rate and the interest rate
Which of the following examples would most likely convey product quality to consumers?
a. A sweater has a high price. b. A printer is on sale. c. A shoe has many items in stock. d. A stove has brand recognition.