Which of the following is most subject to the lemons problem?
A) credence goods
B) homogeneous goods
C) search goods
D) inferior goods
A
You might also like to view...
Which of the following economists is often credited with establishing the monetarist school of thought?
a. John Maynard Keynes b. Arthur Laffer c. A. W. Phillips d. Milton Friedman
Suppose that, given the same number of workers, the United States can produce two times as many TVs or 20 times as many potatoes as Chile. Which of the following statements is true?
A. Chile should trade with the United States for potatoes because the United States has an absolute advantage in the production of potatoes. B. Chile should trade with the United States for TVs because the United States has an absolute advantage in the production of potatoes. C. The United States can benefit from trading TVs but not potatoes with Chile. D. The United States has absolute advantage in producing both goods.
According to the rule of 70, if the interest rate is 10 percent, about how long will it take for the value of a savings account to double?
a. about 6.3 years b. about 7 years c. about 7.7 years d. about 10 years
Demand-side changes explain everything about stagflation.
Answer the following statement true (T) or false (F)