Seventy percent of Austin's chess club wanted to purchase new chess sets and thirty percent did not. The club purchased the sets. Which method of allocation best describes the choice to purchase the sets?

If Eastland's consumer confidence rises, what would happen to macroeconomic equilibrium in the short-run if the short-run aggregate supply curve is upward sloping?

A) AD shifts right, aggregate output increases, and prices fall. B) AD shifts right, aggregate output increases, and prices rise. C) AD shifts left, aggregate output decreases, and prices fall. D) AD shifts left, aggregate output decreases, and prices rise.

To reduce the principal-agent problem

A) boards-of-directors can tie the salaries of top management to the profitability of the firm. B) managers can inflate profits on financial statements. C) managers can take on more risk than they disclose to investors. D) managers can hide liabilities by not disclosing them on financial statements.