The reason that a salaried salesman is not working diligently in making high margin sales for the principal could be
a. Adverse selection
b. Moral hazard
c. All of the above
d. None of the above
c
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An increase in the demand for washing machines might be caused by
A. a decrease in the number of buyers. B. an expected increase in the price of washing machines. C. a decrease in the price of washing machines. D. an expected decrease in the price of washing machines.
Which of the following items is included when computing M1?
a. Coins in circulation. b. Currency in circulation. c. Checking accounting entries. d. All of the above. e. None of the above
If we are in a recession and follow conventional monetary policy, interest rates will ____ and then _____.
A. fall; fall further B. fall; rise C. rise; fall D. rise; rise further
Which of the following is an example of consumption?
a. The City of Milwaukee pays a construction company to repair an expressway. b. Ralf buys a lawnmower to use for his landscaping business. c. Rayana pays a landscaper to design a garden for her backyard. d. The Girder Construction Co. buys a crane for a skyscraper project.