If a person has an absolute advantage in some activity, she must have a comparative advantage in that activity as well.
Answer the following statement true (T) or false (F)
False
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Which of the following CORRECTLY characterize principals and agents in important examples of the principal-agent problem?
A) In the doctor/patient relationship, the patient is the principal and the doctor is the agent. B) In the lawyer/client relationship, the client is the principal and the lawyer is the agent. C) Both of the above answers are correct. D) Neither of the above answers is correct.
Although finished goods are scarce, the inputs to produce them are not scarce
a. True b. False Indicate whether the statement is true or false
All Fed purchases and sales of
a. corporate stocks and bonds are conducted at the New York Fed's trading desk. b. government bonds are conducted at the New York Fed's trading desk. c. real estate and other real assets are conducted by the Federal Open Market Committee. d. All of the above are correct.
Demand-side discrimination occurs when:
A. women remain in low-paying jobs because of family responsibilities. B. employers hire a man who is more qualified than a woman. C. women postpone having children in order to succeed professionally. D. employers pay women less than men for doing the same job.