A manager in a corporation is likely to be
A) both a principal and an agent.
B) neither a principal nor an agent.
C) an agent but not a principal.
D) a principal but not an agent.
A
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Recall the Application. Securitization refers to
A) the practice of purchasing loans, repackaging them, and selling them to the financial markets. B) the federal insurance received by home buyers to protect them from declining home values. C) the process used by the Federal Reserve to insure home builders against bank failures. D) the stocks and bonds used as collateral when one financial institution sells mortgages to another financial institution.
How are unemployment, inflation, and the business cycle related?
What will be an ideal response?
The country of Cedarland does not trade with any other country. Its GDP is $17 billion. Its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. Private saving in Cedarland is $5 billion. For Cedarland,
a. investment is $6 billion and consumption is $7 billion. b. investment is $6 billion and consumption is $6 billion. c. investment is $7 billion and consumption is $7 billion. d. investment is $7 billion and consumption is $6 billion.
Which of the following is not a reason why government officials are willing to impose entry barriers?
A) to raise revenue B) to encourage innovation which may improve the standard of living in the long run C) to increase economic efficiency D) to promote an equitable distribution of income