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Author Question: A doctor pursuing the interests of his patients rather than his own interests is an example of the ... (Read 113 times)

berenicecastro

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on: Jun 29, 2018
A doctor pursuing the interests of his patients rather than his own interests is an example of the principal-agent problem.
 
  Indicate whether the statement is true or false

Question 2

In the past two decades the United States lost its comparative advantage in automobiles to Japan. What factor was most responsible for the development of Japan's comparative advantage in automobiles?
 
  A) Japan has abundant supplies of natural resources needed to produce automobiles.
  B) Japanese firms benefited from external economies.
  C) Japanese firms excelled in process technology.
  D) Japan has abundant supplies of labor.


Jordin Calloway

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


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