The principal-agent problem would not occur if ________ of a firm had complete information about actions of the ________
A) owners; customers
B) owners; managers
C) managers; customers
D) managers; owners
B
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What is a normal profit? Is it part of the firm's opportunity costs, total revenue, or neither?
What will be an ideal response?
Special Grapes is a new wine company that wants to locate its vineyard in Sonoma Country, California, an exclusive area of the world for wineries. Which of the following will likely have the largest effect on Special Grapes' input prices?
A) land prices in Sonoma County, California B) compensating wage differentials C) traffic regulations in Sonoma County, California D) the additional wages Special Grapes will have to pay its employees to work in Sonoma County, California
Which of the following countries is forbidden to impose export tariff by its constitution?
a. The United States b. Brazil c. The United Kingdom d. Japan e. Mexico
Double taxation refers to the negative feature of
a. all businesses in the United States b. sole proprietorships c. corporations d. the federal and state tax systems e. partnerships