Explain the problems that agency relationships, asymmetric information, and adverse selection can introduce to building a successful contract between two people.

If a standard-setting body is ‘captured’ by the profession, are there any steps that the government can take to make the body independent? If so, should the government take those steps? Justify your answer.

A long forward contract means that the contract will become more valuable as the price of the asset declines. true or false

Which best describes workers’ compensation insurance?     It is federally mandated but administered by the states.     It is not federally mandated but administered by the states.     It is federally mandated and administered.     It is optional.

File Edit Format View Help When someone opens a business, it is because they want to fulfill important personal financial goals. In publicly traded companies, managers and employees work on behalf of the shareholders, who own the business through their ownership of company stock. These managers and employees have an ongoing obligation to pursue projects, policies, and corporate investments that will increase or promote stockholder value over the long term. Although many companies focus on financially related goals, such as growth, earnings per share, and market share, the main financial goal is to create value for investors. Keep in mind that a company's stockholders are not just an abstract group. Like the sole business owner, they are individuals who have chosen to invest their hard-earned cash in a company. They are looking for a return on their investment in order to meet their own personal long-term financial goals, which might be saving for retirement, a new home, or college…