Which group is most likely to argue that an increase in government spending will be more effective than a reduction in taxes as a tool to promote recovery?

The common factors that give rise to all principal-agent problems include the

a. unobservability of some manager-agent action b. presence of random disturbances in team production c. the greater number of agents relative to the number of principals d. a and b only e. none of the above

It has been shown that when offered higher wages, women will work more hours. This is because

a. women tend to work more hours than men at any wage rate. b. the substitution effect is more dominant for women. c. the income effect is more dominant for women. d. women are more productive than men at higher wages.