A. The median voter always wins
B. no dictators
C. independence of irrelevant
D. transitivity
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Refer to Figure 1 What percent of the population vote for A when the choice is between A and B ?
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A life insurance company forces Enzo to have a medical examination prior to selling him insurance ?
A. 75 percent
B. 35 percent
C. 60 percent
D. 40 percent
E. 25 percent
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Which of the following is not a method firms use to avoid the moral hazard problem in the employment relationship ?
A. transitivity
B. impossibility
C. independence
D. unanimity
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Which of the following is an example of a signal that is used to reveal private information ?
A. They pay employees with delayed compensation such as a year-end bonus
B. They buy life insurance on their workers
C. They pay above equilibrium wages
D. They put hidden video cameras in the workplace
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Markus is a travelling salesman for an apparel company. In this employment relationship, Markus is the ?
A. Enzo carefully chooses a special gift for Josephine
B. Josephine earns her MBA from the Harvard Business School
C. Lexus advertises its cars during the football World Cup Final.
D. All of these answers are correct
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Jamil’s car is in need of repair, so John decides to sell it avoid the repair bill. Unaware of the problem, Shahab buys the car. This is an example of ?
A. agent
B. principle
C. screener
D. signaler
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