The ways to address agency costs include all EXCEPT
a. advertising for employee positions in as many outlets as possible
b. requiring employees to punch time clocks
c. spot checks of the quality of employee work
d. replacing closed offices with cubical office spaces
a
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If a tax is levied on the sellers of a product, then the supply curve will
a. shift up. b. shift down. c. become flatter. d. not shift.
Suppose candidate A is conservative and candidate B is liberal and both are currently positioned away from the "middle ground" toward their respective ends of the political spectrum. We would expect that as the campaign draws closer to election day,
A) candidate A will move to the right (more conservative) and candidate B will move to the left (more liberal). B) both candidates A and B will move to the other's position in an attempt to capture the other's supporters. C) candidate A will move closer to the middle, and candidate B will stay where he or she is because he or she realizes that Americans are basically liberal. D) candidate B will move closer to the middle, and candidate A will stay where he or she is because he or she realizes that Americans are basically conservative. E) both candidates will move toward the middle.
Most U.S. residents are taxed at marginal rates of _____ percent and _____ percent.
Fill in the blank(s) with the appropriate word(s).
The concept of _________________ means that as the measure of output goes up, average costs of production decline-at least up to a point.
a. relative advantage b. economies of scale c. absolute advantage d. comparative advantage