Which of the following is an example of a principal-agent relationship?
A) The relationship between two colleagues
B) The relationship between a teacher and his student
C) The relationship between an employer and a worker
D) The relationship between two nations
C
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The interest rate charged on a risk-free loan exceeds the rate on a risky loan
a. True b. False
Which of the following statements is not correct?
a. A gasoline tax can be an example of a tax that uses the benefits principle. b. A progressive tax attempts to achieve vertical equity. c. A progressive tax can be an example of the ability-to-pay principle. d. A regressive tax attempts to achieve vertical equity.
The distribution of income in the United States
A. became slightly more equal during the 1980s. B. did not change significantly during the 1980s. C. has become more unequal since 1980. D. has become more equal since 1980.
Carson and Fran are both thrill seekers. Carson has health insurance and Fran does not. One can predict that:
A. Carson's health insurance will not affect Carson's behavior. B. Carson and Fran will participate in the same number of dangerous activities. C. Carson will engage in fewer dangerous activities. D. Fran will engage in fewer dangerous activities.