By the nature of consumer ________, it is reasonable to treat most of the expenditure on them as a form of saving rather than consumption, which it what it takes in permanent-income and life-cycle models to make the saving ratio ________ with rising

In a public corporation, asymmetric information often results in a principal-agent problem between top management and ownership. What information would help to prevent this principal-agent problem?

What will be an ideal response?

The problem of _____ can arise when a seller cannot obtain reliable information from buyers

a. moral hazard b. adverse selection c. lemons problem d. incomplete information