The type of contract selected depends on the information available to the parties
What will be an ideal response?
True. The efficiency in production and risk bearing from a specific contract will depend on the information available to the principal and agent.
Economics
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Which of the following is seen as a benefit to society in moving away from using checks to electronic banking?
a. processing checks is a capital-intensive process b. electronic banking is a labor-intensive process c. processing checks is less costly than electronic banking d. electronic banking is a more efficient process than check clearing
Economics
Use the following graph to answer the next question.
A 3% general sales tax would have a structure that is illustrated by
A. curve A. B. curve B. C. curve C. D. none of the curves.
Economics