Which of the following is an example of a principal-agent relationship?

A) The relationship between two colleagues
B) The relationship between a teacher and his student
C) The relationship between an employer and a worker
D) The relationship between two nations

C

Economics

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An excludable good is a good that a producer can prevent people from consuming

Indicate whether the statement is true or false

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Economists assume people are motivated by

A) unlimited resources. B) pride. C) self-interest. D) social justice.

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