Which of the following addresses agency costs
a. spot checks of the quality of employee work
b. hiring only from job fairs
c. instituting longer work days
d. reducing the number of holidays
a
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Gross Domestic Product measures the
A) quantity of the goods and services produced in a given year, listed item by item, within a country. B) income of the business sector within a country. C) market value of the final goods and services produced in a given year within a country. D) measures the market value of the domestic labor in a given year within a country. E) market value of the final goods and services consumed by households in a given year within a country.
An increase in technology for producing personal computers leads to
A) an increase in the demand for personal computers. B) a decrease in the demand for personal computers. C) an increase in the supply of personal computers. D) a decrease in the supply of personal computers.
For a country to acquire more physical capital it:
A. faces the investment trade-off. B. must forgo current consumption. C. must pay for the investment by reducing current consumption. D. All of these are true.
India would raise income levels faster if workers migrated from the country to the city
Indicate whether the statement is true or false