Sticky Prices Are

question 27

Multiple Choice

Sticky prices are:

• A)real prices that do not rapidly respond to changed circumstances.
• B)prices set by government.
• C)nominal prices that do not rapidly respond to changed circumstances.
• D)prices that can never be changed.

Explain how increasing returns to scale in agriculture and shifts in societal roles influence economic outcomes.

Understand the roles and duties of an agent to the principal.

Distinguish between the concepts of agent, principle, and employee within the context of business law.

Recognize the legal implications of actions taken by agents on behalf of undisclosed principals.