Which of the following is an example of hidden actions?
a. a mechanic tells you that you need an entire new engine when you only need a oil change.
b. a sales person tells you that you look good in a dress when you don't
c. a sales person tells you which color they think goes best with your paint you have chosen
d. a sales person tells you which car gets the best gas mileage
a
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In the figure above, a factor that could cause the demand for bonds to shift to the right is
A) an increase in the riskiness of bonds relative to other assets. B) an increase in the expected rate of inflation. C) expectations of lower interest rates in the future. D) a decrease in wealth.
Capitalism is an economic system in which there is public ownership of the means of production and resource allocation is determined through markets
a. True b. False Indicate whether the statement is true or false