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

Author Question: Mark works as a business development officer for a leading electronics company. His main task is to ... (Read 101 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 29, 2018
Mark works as a business development officer for a leading electronics company. His main task is to meet potential clients in their respective offices and try to enter into a business deal with them.
 
  Irrespective of the number of clients approached and deals made, Mark earns a fixed salary every month. Because his boss does not cross-check how many clients he meets in a day, Mark often does not meet all the clients that he is supposed to. His behavior is an example of ________. A) adverse selection
  B) moral hazard
  C) a positive externality
  D) a pecuniary externality

Question 2

The government of Lithasia has decided to set a minimum price for certain agricultural products in order to safeguard the interests of farmers. This is an example of a ________.
 
  A) price floor
  B) price ceiling
  C) Pigouvian tax
  D) Pigouvian subsidy


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JCABRERA33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Jun 29, 2018
Gracias!

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

The nitrogen cycle. The five main parts of the nitrogen cycle are: The nitrogen cycle. The five main parts of the nitrogen cycle are:
Main Facial Bones Main Facial Bones
How a catalyst circumvents unfavorable charge development during cleavage of an amide How a catalyst circumvents unfavorable charge development during cleavage of an amide
A Memory Task for Intelligence Testing A Memory Task for Intelligence Testing
Development of anoxic zones Development of anoxic zones
Human Development Human Development
Video: Fermentation pathways

For a complete list of videos, visit our video library