With full information any contract will lead to production efficiency
Indicate whether the statement is true or false
False. A hire or revenue sharing contract will not provide the incentives for the agent to maximize joint profit.
Economics
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Purchasing power parity means that the expected exchange rate is such that the returns from investing in two nations are equal
Indicate whether the statement is true or false
Economics
An escalation or automatic adjustment provision in a purchase contract for some good deters opportunistic behavior and automatically reallocates risk as its price changes
Indicate whether the statement is true or false
Economics