Gilda's Art Gallery pays a commission to her sales people when they sell a painting. This practice is known as
A) the principal-agent problem.
B) incentive pay.
C) minimizing implicit costs.
D) minimizing explicit costs.
B
Economics
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The saving and investment equation holds only when the federal budget is balanced
Indicate whether the statement is true or false
Economics
Which of the following increases aggregate supply in the short-run, everything else held constant?
A) an increase in the price of crude oil B) a successful wage push by workers C) expectations of a higher inflation D) a technological improvement that increases worker productivity
Economics