When there are many thousands of small stockholders in a company, for each the cost of monitoring manager performance is well __________ the benefits of doing so, which helps __________ the manager-stockholder problem
A) above; alleviates
B) above; brings on
C) below; alleviates
D) below; brings on
B
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A tit for tat strategy a. Generates the same result as the prisoner's dilemma
b. Provides a way to punish rivals who defect from the jointly optimum behavior c. Means that a firm would cooperate as long as other firms cooperated. d. Both b. and c. are true
GDP is a flow variable because
a. all macroeconomic aggregates are flow variables b. it measures the production that takes place over a period of time c. it measures the amount of goods and services that exist at the end of a time period d. the number of goods and services produced is usually a fixed number e. it accounts for the goods and services transferred from one firm to another
Which one of the following would count as investment in the national income accounts?
What will be an ideal response?
Suppose that wage contracts between workers and employers are based on an expected inflation rate of 3 percent and a 5 percent increase in money wages is agreed upon. If inflation actually equals 7 percent, real wages
What will be an ideal response?