Tariffs are considered to be a popular tax in the first world countries who justify them on the basis of the revenue they generate for government spending

As a result of recent empirical research, there has been a convergence of Keynesian and monetarist opinion to the view that

A) money is all that matters. B) money does matter. C) money does not matter. D) fiscal policy is all that matters.

In the presence of asymmetric information, the only contract that results in production efficiency and no moral hazard is the one in which

A) the agent receives a fixed fee. B) the principal receives a fixed rent. C) profit is shared. D) revenue is shared.