Screening is
a. actions by the informed party to reveal her true risks
b. actions by the informed party to conceal her true risks
c. actions by the uninformed party to uncover the true risks
d. actions by the uninformed party to conceal the true risks
c
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Business success is largely dependent on
A) being a first mover. B) quality products. C) dynamic management. D) a global focus. E) many different things.
A change in the unit of measurement of the dependent variable in a model does not lead to a change in:
A. the standard error of the regression. B. the sum of squared residuals of the regression. C. the goodness-of-fit of the regression. D. the confidence intervals of the regression.
If fluctuations in economic activity emanate from the supply side, higher rates of inflation will be associated with higher rates of unemployment, and lower rates of inflation will be associated with lower rates of unemployment.
Answer the following statement true (T) or false (F)
You read that 40 firms that grow and export strawberries to the United States decide to form a cartel. The cartel aims to raise the price of strawberries and reduce output to increase profits for the strawberry growers. You predict that this cartel will probably
A. not be successful because there are too many firms that are trying to organize the cartel and there are a number of good substitutes for strawberries. B. not be successful because it is difficult to export a perishable product like strawberries. C. be successful because enforcing the rules among only 40 firms is very manageable. D. be successful because the demand for strawberries is very inelastic.