An example of moral hazard is
a. A taxi driver paid per mile taking a longer route than necessary
b. a piece-rate garment worker shirking more than a per hour worker
c. an hourly salesman working harder than a commission salesman
d. an author on contract going to as many book signings as one with a percentage royalty rate
a
Economics
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If a corporation earns a profit, dividends must be paid
Indicate whether the statement is true or false
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Suppose the population of a country falls, but its Real GDP remains constant. As a result, there is __________ economic growth
A) both absolute economic growth and per-capita real B) absolute economic growth, but not per-capita real C) per-capita real economic growth, but not absolute D) neither absolute economic growth nor per-capita real
Economics