Goods that are either collective consumption goods or nonexcludable goods or both combined cannot be produced by the market
a. True b. False
b
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The target zone model of exchange rates requires adjustment for
A) imperfect policy credibility and intra-marginal adjustments. B) imperfect policy credibility. C) speculative pressure and intra-marginal adjustments. D) speculative pressure.
In order to reduce the ________ problem in loan markets, bankers collect information from prospective borrowers to screen out the bad credit risks from the good ones
A) moral hazard B) adverse selection C) moral suasion D) adverse lending
Which of the following is true of the inflation rates experienced by different countries around the world in the 1990s?
a. China experienced deflation during this period b. Russia experienced hyperinflation during this period c. Japan experienced an inflation rate of 24 percent during this period d. The United Kingdom experienced deflation during this period
The prices of telecommunications services have decreased due to productivity increases.
Answer the following statement true (T) or false (F)