Principal-agent problems are less likely to arise
a. if it is easy for principals to know agents' actions and if there is less conflict between their goals
b. if it is difficult for principals to know agents' actions and if there is less conflict between their goals
c. if it is easy for principals to know agents' actions and if there is some difference in their goals
d. if it is difficult for principals to know agents' actions and if there is some difference in their goals
e. if agents have higher incomes
A
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The Land Ordinances of 1785 and 1787 included provisions for all of the following except:
a. surveys prior to sale of Western land. b. the number of states that could be created from the Northwest Territory. c. guidelines for the eventual creation of Western states. d. sale of the land in plots of one square mile. e. All of the above were provisions of the ordinances.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.