When individuals make decisions with some desired outcome in mind, they are engaging in:
a. purposeful behavior
b. economically efficient behavior
c. chaotic behavior
d. random behavior
a. purposeful behavior
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Most college professors are granted tenure after six years of employment. Tenure implies a lifetime appointment. What problem does this situation create, and how can colleges minimize the problem?
What will be an ideal response?
Managers (________) may act in their own interest rather than in the interest of the stockholder-owners (________) because the managers have less incentive to maximize profits than the stockholder-owners do
A) principals; agents B) principals; principals C) agents; agents D) agents; principals
If Real GDP increases at an annual rate of 4 percent and velocity increases at a rate of 1 percent per year, then rules-based monetary policy advocates who wish to maintain a stable price level would set the annual money supply growth rate at
A) 1 B) 2 C) 3 D) 4 E) 6
Refer to the above table (all figures in millions). Which country experienced the greatest economic growth from 2019 to 2020?
A. A B. B C. C D. D