With increased specialization in the economy, principal-agent problems become
a. more numerous
b. less numerous
c. more severe, but there are fewer of them
d. less severe, but there are more of them
e. easier to solve
A
Economics
You might also like to view...
According to the permanent income hypothesis, a person's consumption increases only when
A) the person's average lifetime income increases. B) the person saves more. C) the person's current income increases. D) the person's income increases unexpectedly.
Economics
Recall the Application. The decrease in price of illegal drugs could be caused by either a(n) ________ in demand or a(n) ________ in supply of the drugs
A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease
Economics