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

Author Question: Shirking is most likely to occur when A) the principal monitors the agents extensively. B) ... (Read 20 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
Shirking is most likely to occur when
 
  A) the principal monitors the agents extensively.
  B) employees are paid an hourly wage.
  C) a piece rate contract is used.
  D) an assembly line is used for production.

Question 2

According to the Theory of the Second Best, why might market liberalization through elimination of some market distortions, such as particular trade restrictions, lead to social welfare losses?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pallen55

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

B

Answer to Question 2

Removing some distortions may increase the deadweight losses accrued from other distortions. This may lead to a net loss from reducing trade restrictions.




Jramos095

  • Member
  • Posts: 528
Reply 2 on: Jul 1, 2018
Excellent


essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

For a complete list of videos, visit our video library