When a government imposes a tariff on imported beer, cooperative surplus ________ and society gets ________
A) increases; richer
B) increases; poorer
C) decreases; richer
D) decreases; poorer
D
Economics
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Refer to the scenario above. Which of the following is likely to happen if Mike confesses while Rita does not confess?
A) Both of them will be let free. B) Mike will be let free while Rita will be suspended. C) 10 points will be deducted from their respective scores. D) 10 points will be deducted from Rita's score while Mike will be suspended.
Economics
Which of the following is NOT a solution to a principal-agent problem?
A) ownership B) managerial hierarchy C) incentive pay D) long-term contracts
Economics