Which of the following addresses agency costs?
a. advertising for employee positions in as many outlets as possible
b. requiring employees to punch time clocks
c. instituting longer work days
d. reducing the number of holidays
b
Economics
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Which of the following is a fundamental topic addressed by microeconomics?
A) whether to extend unemployment insurance B) determining how many new iPhones the Apple company should produce C) the level of inflation in the country D) the impact of interest rates on savings in the economy
Economics
A life insurance company requires new applicants to have a medical exam prior to writing the insurance policy. This requirement is an example of
a. signaling. b. screening. c. moral hazard. d. adverse selection.
Economics