To keep employees from shirking, you can invest in greater monitoring

a. even though monitoring is expensive
b. especially when monitoring is efficient
c. when employees respond well to incentive contracts
d. when incentives solve both moral hazard and adverse selection problems with employees

b

Economics

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Consider the above figure. At income level Yd = $30, the APC is equal to

A) 0.05. B) 1.05. C) 1.25. D) 1.67.

Economics

M1 money includes all but which one of the following?

a. Checkable deposits. b. Savings accounts. c. Paper money. d. Coins.

Economics