Which of the following provide the best evidence of specialization?

a. a firm that produces a line of related products, such as eight kinds of breakfast cereal
b. an architect who is willing to practice in only one geographic area
c. a physician that practices in a specialty area such as cardiology or orthopedic surgery
d. a family that eats at Wendy's every Thursday night
e. a retailer that sells goods but provides no services

C

Economics

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A baseball player who has signed a long-term contract with his club and then constantly says he is injured and cannot play is an example of ________

A) the principal-agent problem B) marginal returns to work C) the law of diminishing returns D) inefficient hiring practices

Economics

Which of the following is not a threat to bricks-and-mortar video rental stores?

a. on-demand movies delivered by broadband cable b. rental services that deliver DVDs by mail c. digital movies and TV shows available on Wal-Mart's Web site d. None of the answers is a threat. e. All of the answers are threats.

Economics