A potential problem arises in principal-agent relationships
a. because the agents' actions are not always observed by the principals
b. because the principals' actions are not always observed by the agents
c. because the agent's and the principals' actions are always observed by each other
d. the observability of actions is irrelevant
a
Economics
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Suppose that GDP is equal to 1000, national saving is equal to 200, the current account deficit is equal to 100, and the government budget deficit is equal to 50. Investment must equal
A) 150. B) 200. C) 250. D) 300.
Economics
In 2009, over two-thirds of personal income received by U.S. households came from:
a. wages and salaries. b. transfer payments. c. dividends on stocks and bonds. d. interest payments and rent.
Economics