The possibility that the managers of a corporation might not always act in the best interest of its owners is an example of the principal-agent problem
Indicate whether the statement is true or false
TRUE
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Comparing the American healthcare system to other industrial nations, which of the following statements is FALSE?
A. Americans are admitted to the hospital with less frequency. B. Infant mortality rates are higher than in 80 percent of the other industrial countries. C. Childhood-immunization rates in the U.S. are lower. D. The American life expectancy is above average in comparison to other industrial nations.
The use of tariffs and quotas for trade protection results in
A. lower prices for domestic consumers. B. less revenue for the government. C. less rent-seeking activity. D. less efficiency in the economy.
What role does research and development play in increasing productivity?
What will be an ideal response?
Average labor productivity is the
A) amount of workers per machine. B) amount of machines per worker. C) ratio of employed to unemployed workers. D) amount of output per worker.