An action taken by an informed party to reveal private information to an uninformed party is called
signaling.
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In the above figure, when real disposable income equals 600
A) there is dissaving. B) real disposable income exceeds consumption. C) consumption is less than disposable income. D) consumption equals real disposable income.
____ is the act of buying a commodity in one market at a lower price and selling it in another market at a higher price
a. Buying short. b. Discounting. c. Tariffing. d. Arbitrage.
Suppose that recent studies conclude that high-fiber diets do not reduce the risk of developing colon cancer as was previously thought. The likely result will be that the:
A. price of high-fiber foods will rise. B. quantity demanded of high-fiber foods will fall. C. demand for high-fiber foods will decrease. D. supply of high-fiber foods will increase.
Why is structural unemployment worse in Europe than in the United States?
A. Because of European labor regulations B. Because of European advancements in information technology C. Because of an insufficient European capital stock D. Because of European reliance on foreign energy sources