A type of ________ problem that occurs when a person or institution has multiple objectives that conflict with each other is called ________
A) moral hazard; conflicts of interest
B) adverse selection; conflicts of interest
C) moral hazard; spinning
D) adverse selection; spinning
A
You might also like to view...
Which of the following chain of events occurs when a tariff is imposed on a good?
A) Domestic prices fall, shifting the demand curve rightward, and consumers buy more of the good. B) Domestic prices fall, decreasing the domestic quantity supplied and increasing the quantity demanded. C) Domestic prices rise, shifting the domestic supply curve rightward. D) Domestic prices rise, shifting the demand curve leftward and the domestic supply curve rightward. E) Domestic prices rise, decreasing the quantity demanded and increasing the domestic quantity supplied.
According to the rational expectations school, when monetary policy makers do exactly what is expected of them, their efforts to stimulate the economy will have no effect on employment
a. True b. False Indicate whether the statement is true or false
If the marginal utility of Jordyn's 100th dollar of income is 40 utils and the marginal utility of Joshua's 10th dollar is 135 utils, we know
a. money means more to Jordyn than to Joshua b. money means more to Joshua than to Jordyn c. Jordyn has more income than Joshua d. Joshua has more income than Jordyn e. nothing, since we can't make interpersonal utility comparisons
As demand for wireless earbuds increases, other things being equal, we can expect
A. a decrease in the supply of wireless earbuds. B. an excess number of wireless earbuds in the market. C. more wireless earbuds to be produced. D. a decrease in both the relative price and quantity of wireless earbuds.