Which of the following is a way to reduce agency costs?
a. Change the decision maker
b. Transferring information to the decision maker
c. Change the decision maker's incentives
d. All of the above
d
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Anne is an accountant who lost her job in the last recession and has given up looking for work after an unsuccessful job search. Which of the following is true in this case? a. She is a discouraged worker
b. She is underemployed. c. This is an example of cyclical unemployment. d. This is an example of seasonal unemployment. e. She is overemployed.
The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as
a. deadweight curve b. tax revenue curve c. Laffer curve d. Reagan curve e. none of the above is correct
Other things the same, if the price level rises, then domestic interest rates
a. rise, so domestic residents will want to hold more foreign bonds. b. rise, so domestic residents will want to hold fewer foreign bonds. c. fall, so domestic residents will want to hold more foreign bonds. d. fall, so domestic residents will want to hold fewer foreign bonds.
Pure economic rent is
A) a payment to a resource owner over and above what is necessary to keep the resource in its current use. B) a payment to a resource owner just sufficient to keep its supply constant. C) the inverse of economic profit. D) the competitive rental rate on capital.