Suppose there is a technological change and the government does not intervene in the

Suppose an employer has monitoring devices established so that the probability of an employee being caught while shirking is 0.2. If the gain to the employee from shirking is $1,000, how large a bond will deter shirking?

What will be an ideal response?

The share of GDP taken by taxes is considerably higher in the United States than in other countries

a. True b. False Indicate whether the statement is true or false