An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route
b. a piece-rate garment worker shirking more than a per hour worker
c. an hourly salesman working less hard than a commission salesman
d. an author on contract going to as many book signings as one with a percentage royalty rate
c
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What will be an ideal response?
Are advertising and brand names efficient?
What will be an ideal response?
Linder's hypothesis says that countries with ________ of preferences will trade intensively with each other
A) differences B) utility C) similarity D) elasticity
Monetary policy includes changes in government spending
a. True b. False Indicate whether the statement is true or false