When exchange rates are not in alignment, traders see opportunities for ___ , which move the rates ___ equilibrium.

Which of the following forms of business organization is likely to suffer most from the principal agent problem between the owners and managers of the business?

A) proprietorships B) partnerships C) corporations D) All are equally likely to suffer from the principal-agent problem.

If the income elasticity of demand for corn is 0.5, then as income increases

A) the demand for corn will increase. B) the demand for corn will decrease. C) corn will prove to be an inferior good. D) the supply curve of corn will shift leftward.