Questions from General Economics

Q: The principal-agent problem centers on the separation of a

The principal-agent problem centers on the separation of a) supply and demand. b) investors and savers. c) owners and managers. d) interest and dividends.

Q: The government’s role in terrorism insurance is that of a)

The government’s role in terrorism insurance is that of a) a primary provider. b) a reinsurance provider of last resort/re-reinsurer. c) innocent bystander. d) disinterested observer.

Q: Those who believe that wages paid to minorities will rise without government

Those who believe that wages paid to minorities will rise without government intervention believe that bosses are primarily motivated by a) profit. b) religion. c) doing right. d) helping the down...

Q: The rational criminal model explains crimes of a) passion.

The rational criminal model explains crimes of a) passion. b) stupidity. c) profit. d) love.

Q: In most school districts, all other characteristics held constant, an

In most school districts, all other characteristics held constant, an excellent teacher earns ____ a poor teacher. a) the same as b) more than c) less than

Q: In most school districts, all other characteristics held constant, an

In most school districts, all other characteristics held constant, an excellent teacher earns ____ a poor teacher. a) the same as b) more than c) less than

Q: Affirmative action a) can take many forms. b

Affirmative action a) can take many forms. b) is almost always a racial quota. c) applies only to women. d) has been typically been declared unconstitutional.

Q: The most obvious pattern in poverty rates is the degree to which

The most obvious pattern in poverty rates is the degree to which they are higher during a) Democratic administrations. b) wars. c) odd years. d) recessions.

Q: The question of whether Social Security increases or decreases savings depends mostly

The question of whether Social Security increases or decreases savings depends mostly on whether the _________ effect outweighs the ________ effect or visa versa. a) bequest; asset substitution b)...

Q: The negative externality associated with self-protection from terrorism suggests that

The negative externality associated with self-protection from terrorism suggests that a) terrorists cause more damage than they think they will. b) people engage in less self-protection than they sh...