The market for toothpaste is a good example of perfect competition
a. True
b. False
Indicate whether the statement is true or false
False
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If the university administration plans to hike tuition charges in the hope of increasing tuition revenues, we know
A) they are assuming an elastic demand. B) they are assuming an inelastic demand. C) they cannot succeed because of the law of demand. D) they must be running in the red. E) they will only succeed if more students can be enrolled at no cost.
Banks are required to file ________ usually quarterly that list information on the bank's assets and liabilities, income and dividends, and so forth
A) call reports B) balance reports C) regulatory sheets D) examiner updates
Debits (negatives) in the current account of the balance of payments accounts include
a. imports of goods. b. exports of services. c. transfers received from other countries. d. purchases of U.S. government bonds by foreigners. e. all of the above.
An approach that can be taken by someone directly involved in a transaction to solve the problems caused by information asymmetry is:
A. screening. B. mandating that information be shared. C. proofing. D. racial discrimination.