This topic contains a solution. Click here to go to the answer

Author Question: A principal-agent problem arises when a. only less-qualified workers apply for a job b. a firm ... (Read 104 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
A principal-agent problem arises when
 a. only less-qualified workers apply for a job
  b. a firm must find a proxy for unobservable qualities needed in employees
  c. potential employees have more information about their own productivity than do prospective employers
  d. a customer knows little about the service provided by a business
  e. a customer knows little about the service provided by a business and is, therefore, given poor service

Question 2

Labor productivity depends on the
 a. the effectiveness of government
  b. the size of the economy
  c. the proportion of the labor force that is unionized
  d. the amount of capital
  e. All of the answers are correct



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

E

Answer to Question 2

A




LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

For a complete list of videos, visit our video library