Despite early 20th century efforts by Congress to limit the persuasive powers of the President of the United States, the nation's chief executive today wields unprecedented public relations clout and controls the "bully pulpit."

The Japanese economy is dominated by "keiretsu." What are these?

A. Warlords that control Japanese wealth B. Local governmental entities C. Large conglomerates D. Joint ventures with foreign investors

The problem with monitoring as a tool to solve the ________ problem is that it can be expensive in terms of time and money, as reflected in the name economists give it,costly state verification

A) principal-agent B) adverse selection C) audit D) regulation