Chester Michaels appointed Regina Fairfax as his agent. The appointment was in writing and clearly indicated the scope of Regina Fairfax’s authority and also that Fairfax was not to disclose that she was acting as an agent for Michaels. Under the circumstances:.
A. Michaels must ratify any contracts made by Fairfax on behalf of Michaels.
B. Fairfax’s appointment had to be in writing to be enforceable.
C. Fairfax is an agent coupled with an interest.
D. Fairfax has the implied authority of an agent but not apparent authority.

Which of the following is a problem for the production of public goods?

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Why is efficiency an important economic goal?