A problem of adverse selection can be addressed by
A) by teaching ethics in business schools.
B) creating a positive externality.
C) government regulation.
D) collecting more information.
D
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Over a particular price range, if the quantity effect of a price decrease is larger than the price effect, it implies that:
A) demand is inelastic in the price range. B) demand is elastic in the price range. C) the demand curve is vertical in the price range. D) the demand curve is upward sloping in the price range.
Which one of the following statements is the MOST accurate? By the year 1932, the United States
A) and Canada alone held more than 70 percent of the world's monetary gold. B) and Germany alone held more than 70 percent of the world's monetary gold. C) and Britain alone held more than 70 percent of the world's monetary gold. D) Britain, and France alone held more than 70 percent of the world's monetary gold. E) and France alone held more than 70 percent of the world's monetary gold.
The most important reason for why some people have higher income than others is ______.
Fill in the blank(s) with the appropriate word(s).
Hard currencies are usually ________.
A) not fully convertible B) undesirable assets C) highly liquid D) unstable