Which of the Following Statements Is (Are)correct

question 14

Multiple Choice

Which of the following statements is (are) correct?

• A)Even the earliest political business cycle and partisan models assumed that expectations were rational.
• B)The partisan model of fiscal policy cannot be modified to be consistent with rational expectations.
• C)the myopic,or short-sighted behavior of voters is inconsistent with rational expectations.
• D)The earliest political business cycle models assumed that expectations were always rational,whereas the partisan model assumed that expectations were sometimes irrational.

Acknowledge the process of team building including its steps and challenges involved.

Understand the concepts of norms, inter-team dynamics, and the impact of cohesiveness on team performance.

Understand the steps and processes involved in dispute resolution, including arbitration, mediation, and negotiation.

Identify the advantages and disadvantages of Alternative Dispute Resolution (ADR) compared to litigation.

---

Definitions:

Illegal Act

An action that is forbidden by law or statute.

No Recourse

A clause in an agreement that limits the ability of a lender to seek additional compensation from a borrower beyond the collateral securing a loan if the borrower fails to repay.

Subagent

An agent of an agent, or a person who is appointed by an agent to perform tasks that the agent has undertaken to perform for the principal.

Gratuitous Agent

An agent who receives no compensation for his or her services.