Which one of these conditions is not a part of asymmetric information?
A. parties are engaged in and economic transaction.
B. information is not uniform.
C. the government usually intercedes to fix the problem.
D. all of these answer options are correct.
C. the government usually intercedes to fix the problem.
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Amy is thinking about going to the movies tonight. A movie ticket costs $15, and she'll have to cancel a $20 dog-sitting job that she would have been willing to do for free. The opportunity to Amy cost of going to the movies is:
A. $35. B. $20. C. $5. D. $15.
Something whose value does not change is a:
A) variable. B) constant. C) hypothesis. D) all of the above.
Bonds with the same tax status and ratings:
A. can have different yields due to different maturities. B. always have the same yield. C. will still have different yields depending on their face values. D. should sell for the same price.
Some monopolistically competitive firms differentiate their products simply by opening a new store at a different location.
Answer the following statement true (T) or false (F)