Adverse selection and moral hazard are problems that arise in the presence of asymmetric information.
Answer the following statement true (T) or false (F)
True
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In an open economy, this country will ________ million bushels of corn. 
A. import 600 B. export 300 C. import 150 D. export 600
The above gives some of the balance of payments accounts of the United States in 2020
a) What is the current account balance? b) What is the capital account balance? c) What is the official settlements account balance?
In September 2006, the Food and Drug Administration recommended that Americans avoid eating bagged raw spinach in the wake of an outbreak of E. coli bacteria
Following this recommendation, the food industry looked at alternatives and many turned to arugula. One Chicago distributor claimed, "The sale of the stuff has gone through the roof." Based on this information A) the cross-price elasticity between arugula and spinach is negative. B) the cross-price elasticity between arugula and spinach is positive. C) the price elasticity of arugula is positive while the price elasticity of spinach falls to zero. D) arugula is a normal good while raw spinach is an inferior good.
In the indifference curve-budget line model of labor supply, labor consists of
a. all productive activities outside of the marketplace. b. working in the marketplace for the going wage. c. engaging in productive activities, whether in the marketplace or not. d. working in the marketplace for the going wage and entrepreneurial activities.