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.

Economics

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The value of net exports is:

A. exports imports. B. imports exports. C. exports+ imports. D. (exports +imports) tariffs.

Economics

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.

Economics

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

Economics

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.

Economics