Multiple Choice
Narrative 22-1
Katie owns a boutique that sells high-end women's clothing and accessories. Shana works part-time at the boutique and frequently is the only employee in this small store. Katie pays Shana a wage that is higher than the market wage for this type of job. When the store is not full of customers, Shana diligently works on displays and cleans to keep the store looking its best. Magda is a customer in the store who asks Shana's opinion on the quality of some jeans she is considering purchasing. Even though she's had several other customers return them due to flaws, Shana tells Magda the quality is great. Belinda is another customer who is returning a necklace without revealing that she lost a gem from it while wearing it.
-Refer to Narrative 22-1. Which of the ladies is an agent?
A) Shana
B) Katie
C) Belinda
D) Magda
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Employers can try to overcome the moral-hazard
Q108: The field of behavioral economics builds a
Q126: One of the things that employers can
Q153: Herbert Simon, one of the first social
Q304: Table 22-20<br>The table below shows the preferred
Q306: Asymmetric information, political economy, and behavioral economics<br>A)are
Q307: Arrow's impossibility theorem proves that<br>A)no voting system
Q311: Sam needs to have his car serviced.
Q312: In his 1951 book, Social Choice and
Q313: Ihaveathousandfriends Social Networking firm had a remarkably