At a carnival roulette wheel, a player can either win $10, $30, or $80 . At what cost of play should the player expect the wheel to be fair?

Classical growth theory predicts

A) a slowdown in population growth over time. B) sustained increases in economic growth in the long run. C) sustained increases in the standard of living in the long run. D) real GDP per person will remain at the subsistence level over time. E) the population growth rate slows as real GDP per person rises.

Describe the characteristics of an efficient contract between a principal and an agent

What will be an ideal response?