Adverse selection refers to a situation in which
a. employers have more information about a job's salary than the job candidate does
b. a job candidate has more information about the job's salary than the employer does
c. employers have more information about a job candidate's abilities than the candidate does
d. a job candidate has more information about her abilities than the employer does
e. only below-average job candidates apply for a job
D
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How do specialized lending channels created by central banks affect the economy during a recession?
What will be an ideal response?
What are the factors that contribute to productivity growth in the market economy and which of them is considered most important?
For a single country to influence the price of some good in the global market:
A. it must be considered a price taker. B. the country must be large relative to other nations in the world C. the quantity it produces and consumes must be small relative to the total amount of that good bought and sold worldwide. D. the quantity it produces and consumes must be large relative to the total amount of that good bought and sold worldwide.
Which of the following factors will NOT increase economic development?
A) establishing a system of property rights B) increasing the amount of protectionism C) increasing the amount of education in the population D) creative destruction where old jobs, companies and industries are destroyed