This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the principal-agent relationship, the principal is A) the person who is placed in control over ... (Read 90 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
on: Jun 29, 2018
In the principal-agent relationship, the principal is
 
  A) the person who is placed in control over resources that are not his own and agrees to compensate the resource owner in the event of outcomes that do not satisfy the resource owner.
  B) the person who places his resources in professional hands in exchange for the professional's promise to act on the resource owner's behalf.
  C) the owner of a resource that has hired a third party to act in the best interest of that third party.
  D) the person who is placed in control over resources that are not his own, with a contractual obligation to use these resources in the interests of some other party.

Question 2

Countries gain from specializing in producing goods in which they have ________ and trading for goods in which other countries have ________.
 
  A) a comparative advantage; an absolute advantage
  B) an absolute advantage; an absolute advantage
  C) an absolute advantage; a comparative advantage
  D) a comparative advantage; a comparative advantage


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Jramos095

  • Hero Member
  • *****
  • Posts: 528
Reply #2 on: Jun 29, 2018
Correct answers!


mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

How genes produce proteins that determine traits in a simple dominant-recessive relationship. How genes produce proteins that determine traits in a simple dominant-recessive relationship.
Control of Components of REM Sleep by the REM-ON Region Control of Components of REM Sleep by the REM-ON Region
Reorganization of the rat motor cortex following transection of the motor neurons that control ... Reorganization of the rat motor cortex following transection of the motor neurons that control ...
Control of blood glucose level. Control of blood glucose level.
The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual
Vascular Distribution and Control of Circulation Vascular Distribution and Control of Circulation
Video: Glycolysis - and oxygen

For a complete list of videos, visit our video library