The situation where "the few who yell the loudest gets heard" is referred to as the:
A. Special-interest effect
B. Principal-agent problem
C. Moral hazard problem
D. Adverse selection effect
A. Special-interest effect
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If investment in capital equipment requires two to three years between conceptualization and start-up to production, then
A) the gap between the desired capital stock and the existing capital stocks is closed slowly. B) a change in expected sales will not increase output. C) V* will be smaller than expected. D) All of the above are correct.
M1 includes: a. cash and travelers' checks
b. cash, checking account balances, and travelers' checks. c. cash, travelers checks', and bank deposits d. cash, checking account balances, and saving account balances.
In Graph C, if P1 moved to P2 which of the following would most likely happen?
a. The price of leather would decrease.
b. The price of leather would decrease, but the quantity of leather would increase.
c. The price of leather would increase, but the quantity of leather would decrease.
d. The quantity of leather would increase.
Private investment from a foreign country is known as
A. development assistance. B. foreign direct investment. C. technical progress. D. the cost disease of personal services.