A manager in a corporation is likely to be
A) both a principal and an agent.
B) neither a principal nor an agent.
C) an agent but not a principal.
D) a principal but not an agent.
A
Economics
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Economists call the difference between what you pay for a good and what you would have been willing to pay for it a(n)
a. budget deficit b. consumer deficit c. consumer marginal benefit d. consumer surplus e. economic benefit
Economics
The free-market system coordinates output decisions by pushing
a. up price when there is a shortage. b. down price when quantity demanded exceeds quantity supplied. c. up price when there is a surplus. d. up price when quantity supplied exceeds quantity demanded.
Economics