Overall, what type of economy are we in today?
A. Creative
B. Agricultural
C. None of the options listed.
D. Knowledge
E. Industrial
Ans: A. Creative
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The principal-agent problem refers to the fact that firms must
A) choose between economic efficiency and technological efficiency. B) choose between a managerial and an incentive system. C) devise incentives to get employees to work in the best interest of the firm's owners. D) choose between operating as a partnership or corporation.
Other things being equal, what is the effect of deficit spending on interest rates?
A) Interest rates decline. B) Interest rates rise. C) Interest rates hold constant because the demand for credit decreases. D) There is no impact unless the Federal Reserve decides to alter the money supply.
The price index in the base year always equals_____
a. 0 b. 10 c. 100 d. 1 e. 0.01
Prices in an oligopoly industry tend to be higher than in a competitive industry
Indicate whether the statement is true or false