Gradually people came to accept what kind of money because they believed that others would accept it also?

If a fire insurance company requires firms buying fire insurance to install automatic sprinkler systems, the insurance company is trying to reduce

A) the problem of adverse selection. B) the moral hazard problem. C) sunk costs. D) asymmetric information.

Decision making in the corporate hierarchy is a lot more spread out in _______ while CEOs are much better paid in _______.

A. the United States than in Japan; the United States than in Japan B. Japan than in the United States; Japan than in the United States C. the United States than in Japan; Japan than in the United States D. Japan than in the United States; the United States than in Japan