A problem associated with the principal-agent relationship is
A) imperfect information.
B) perfect information.
C) the low costs of monitoring behavior.
D) none of these choices.
A
You might also like to view...
The nominal price of a desk increased from $20 in 2005 to $65 in 2016. The Consumer Price Index (CPI) was 125 in 2005 and 250 in 2016. We can say that
A) the real price of a desk increased over time. B) the real price of a desk fell over time. C) the real price of a desk has not changed over time. D) There is not enough information to determine the real price of a desk.
Which of the following is true about the market equilibrium? a. As the price increases, the quantity demanded and the quantity supplied increases. b. As the price increases, the quantity demanded and the quantity supplied decreases. c. As the price increases, the quantity demanded increases and the quantity supplied decreases
d. As the price increases, the quantity demanded decreases and the quantity supplied increases. e. As the price increases, neither the quantity demanded nor quantity supplied change.