The ways to address agency costs include all EXCEPT
a. running background checks on prospective employees
b. hiring only from job fairs
c. spot checks of the quality of employee work
d. replacing closed offices with cubical office spaces
b
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One reason why the "fast-casual" restaurant market is competitive is that
A) consumption takes place in public. B) demand for "fast -casual" food is very high. C) it is trendy and therefore is likely to have a customer following. D) barriers to entry are low.
Recent research by Keynesians and classicals has led to
A) a reconciliation of the types of models they use. B) the recognition by classical economists that prices adjust very slowly. C) convincing evidence that TFP shocks are the dominant force affecting the business cycle. D) the refutation of the efficiency wage model.