Because information is expensive to acquire: a. government regulations, such as standard accounting principles, have no impact on problems such as moral hazard b. monitoring managers gives rise to costly state verification c. developing nations do not rely heavily on banks for business financing d. equity contracts are used much more frequently to raise capital than are debt contracts

You are serving on a jury. a plaintiff is suing the city for injuries sustained after falling down an uncovered manhole. in the trial, doctors testified that it will be 5 years before the plaintiff is able to return to work. the jury has already decided in favor of the plaintiff, and has decided to grant the plaintiff an award to cover the following items: a. recovery of 2 years of back-pay ($34,000 for two years ago, and $36,000 for last year, which ends today). assume that it is december 31 and that all salary is received at year end. this recovery should include the time value of money. b. the present value of 5 years of future salary. assume that the plaintiff's salary would increase at a rate of 3 percent per year. c. $100,000 for pain and suffering. d. $20,000 for court costs. assume an interest rate of 7 percent. what should be the size of the settlement?

Today, the a. caesar b. bishop c. pope d. tsar still heads the roman catholic church, which is centered on rome. there is no longer a byzantine emperor, but each country has its own a. governor b. patriarch c. prefect d. council to lead the eastern orthodox church there.

Why did working women earn one-thrid to one-half as much as men