One important role for government as referee is in defining and enforcing property rights.

Answer the following statement true (T) or false (F)


True

Economics

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When do firms pay efficiency wages? What is the relationship between moral hazard and efficiency wages?

What will be an ideal response?

Economics

Assume a bank has $200 million of assets with a duration of 2.5, and $190 million of liabilities with a duration of 1.05. The duration gap for this bank is

A) 0.5 year. B) 1 year. C) 1.5 years. D) 2 years.

Economics

Immigration has the potential to shift the national supply curve for labor to the ________ and the national demand curve for labor to the ________.

A. left; left B. left; right C. right; right D. right; left

Economics

In the balance of payments of the United States, U.S. goods imports are recorded as a:

A. positive entry. B. capital account entry. C. current account entry. D. financial account entry.

Economics