In which type of contract does the agent receive a share of revenues earned?

A) A commission based contract.
B) A sharecropping contract.
C) A piece rate contract.
D) A contract with stock options as salary.

A

Economics

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An effective price floor on wheat will:

A. force otherwise profitable farmers out of business. B. result in a shortage of wheat. C. result in a surplus of wheat. D. clear the market for wheat.

Economics

Which of the following term refers to the share of an activity’s marginal cost that is paid for by the persons who carry out the activity?

A. Beneficial cost B. Incidental cost C. Marginal private cost D. Marginal social cost

Economics