When road construction crews work at less than 100 percent of effort during their work days in order to create overtime work for themselves, they are creating what economists describe as a
a. moral hazard problem
b. work dependency problem
c. principal-agent problem
d. efficiency wage problem
e. employment-management problem
A
Economics
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If the price of gasoline decreases, what will be the impact in the market for public transportation?
A) The quantity of public transportation demanded increases. B) The quantity of public transportation demanded decreases. C) The demand curve for public transportation shifts to the left. D) The demand curve for public transportation shifts to the right.
Economics
Given the following economic data, what is the value of investment in a closed economy? Y = $10 trillion C = $5 trillion TR = $2 trillion G = $2 trillion
A) $2 trillion B) $3 trillion C) $5 trillion D) cannot be determined without information on taxes (T)
Economics