Refer to the scenario above. The housekeeper behaves in this particular way due to the ________
A) existence of asymmetric information
B) presence of a positive externality
C) presence of a free-rider problem
D) existence of high incentive to work
A
You might also like to view...
In the specificfactors model, an increase in the price of the manufactured good will cause:
a. a decrease in nominal wages in both the agricultural and manufacturing sectors. b. an increase in real wages in both the agricultural and manufacturing sectors. c. an increase in both nominal and real wages in both the agricultural and manufacturing sectors. d. an increase in nominal wages in both the agricultural and manufacturing sectors.
Adding members to a military alliance _____
a. will always strengthen the alliance b. will cause the alliance to dissolve c. might weaken the alliance d. will always weaken the alliance