The corporate ethics problem is basically a problem of controlling:
A. opportunism.
B. incentives.
C. shirking by the managers.
D. CEO salaries.
Answer: B
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Which of the following is an example of the endowment effect?
A) A consumer places a higher value on a good currently owned as compared to a good they are considering purchasing. B) A consumer uses a portion of income in order to provide income to future generations. C) As a consumer's income increases, they increase consumption of most goods. D) Consumers will tend to value objects the same for buying and selling.
The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal utility begins to diminish after consuming the ____ donut
a. first b. second c. third d. fourth
If both a buyer and a seller have the same information, they are said to have symmetric information
a. True b. False Indicate whether the statement is true or false
The aggregate supply curve indicates the
a. relationship between prices and the aggregate quantity of goods and services purchased by consumers, investors, governments, and foreigners (net exports). b. relationship between prices and the natural rate of unemployment. c. relationship between the real wage rate and the quantity of labor supplied by households. d. quantity of goods and services producers will supply at different price levels.