Which of the following will not reduce the likelihood of a principal-agent problem when getting your car repaired?
a. asking to see the replaced parts
b. staying to watch the repair being done
c. gathering information on car repair
d. not paying until after the repair job is finished
e. persuading the mechanic you know a lot about cars
D
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Which of the following is true?
What will be an ideal response?
Which statement is true?
A. Virtually all of the poor receive public assistance, but not food stamps. B. Virtually all of the poor receive food stamps, but not public assistance. C. Virtually all of the poor receive public assistance and food stamps. D. None of these statements are true.
Bertha considers borrowing funds to invest in expanding her dress shop. She is less likely to do that if interest rates increase.
a. true b. false
Which one of the following is presently a major deterrent to bank panics in the United States?
A. The legal reserve requirement B. The fractional reserve system C. The gold standard D. FDIC insurance