One problem with conflicts of interest is that they can reduce the ________ in financial markets, thereby increasing ________
A) quantity of information; financial institutions' profits
B) quantity of information; asymmetric information
C) quality of information; asymmetric information
D) quality of information; financial institutions' profits
C
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A natural monopoly regulated with an average cost pricing rule is ________
A) efficient and incurs an economic loss B) inefficient and makes zero economic profit C) inefficient and makes an economic profit D) efficient and makes zero economic profit
Which of the following countries ran a trade surplus in 2013, yet its current account balance is $2.8 billion.
a. India b. China c. The Democratic Republic of Congo d. Taiwan
Which of the following would cause a movement up (or leftward) along the demand curve for European autos in the United States?
a. an increase in the price of American autos b. a decrease in the price of American autos c. an increase in income in the United States d. an increase in the price of European cars
Which product would be likely to be bought in the same quantity even if it doubled in price?
(A) Shoes (B) Computers (C) Telephones (D) Pencils