The ways to address agency costs include all EXCEPT
a. running background checks on prospective employees
b. requiring employees to punch time clocks
c. instituting longer work days
d. replacing closed offices with cubical office spaces
c
Economics
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In the United States, the typical person who has lost his or her job finds another one in a few months except during severe recessions
Indicate whether the statement is true or false
Economics
If the cost of production incurred by two producers in a competitive industry differs, the long-run supply curve:
a. will be a downward sloping step function. b. will be an upward rising step function. c. will be a horizontal line at the market price. d. will be a vertical line at the equilibrium output.
Economics