In the principal-agent relationship between a bank manager and a bank teller, the manager is
A) an agent, as is the teller.
B) an agent and the teller is a principal.
C) a principal and the teller is an agent.
D) a principal, as is the teller.
C
Economics
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The purchase of a new house is included in
A) government purchases. B) investment expenditures. C) net exports. D) consumption expenditures.
Economics
Suppose that the exchange rate between Japanese yen and U.S. dollars is originally 130 yen to the dollar. If it then changes to 150 yen to the dollar, exports of U.S. goods to Japan will tend to: a. rise
b. fall. c. stay the same. d. change in an indeterminate direction.
Economics