What is signaling?
What will be an ideal response?
Signaling refers to an action that an individual with private information takes in order to convince others about his or her information.
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Which of the following would indicate that price is temporarily above its market equilibrium?
A) There are a number of producers who are left with unwanted inventories. B) There are a number of customers who are looking for a good but cannot find sellers. C) New firms decide to enter the market. D) The government must step in and impose a tax on the good.
_____ is a process in which parties initially in disagreement attempt to reach an agreement
a. Strategic voting b. Negotiation c. Borda count d. Median voting
Which of the following does not explain why data on income distribution and the poverty rate give an incomplete picture of inequality?
a. in-kind transfers b. economic life cycle c. transitory income d. All of the above contribute to an incomplete picture of inequality.
Why did the Kyoto Protocol have only a small impact on overall global greenhouse-gas emissions? Which two countries missed their targets by the largest amounts?
What will be an ideal response?