______ ability involves assuming risk and organizing resources into a productive process.

How is the separation of ownership from control related to the principal-agent problem?

What will be an ideal response?

Which of the following is true of a production possibilities curve?

a. It reveals the maximum amount of any two goods that can be produced from a fixed quantity of resources. b. It reveals the ideal level of technology for a country. c. It assumes that the prices of the two products are equal. d. For a country that could produce many different goods, it shows which two goods are most important to produce.