Information asymmetry is a problem when:
A. a market is highly inefficient.
B. a market is highly efficient.
C. a buyer and seller have aligned incentives.
D. a buyer and seller have opposing incentives.
Answer: D
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Which statement is false?
A. Cigarettes, motor vehicles, and pipelines are industries with high concentration ratios. B. Oligopolized industries have higher concentration ratios than monopolistic competitors. C. The Electric Machinery Conspiracy case involved covert collusion. D. None of these statements are false.
Which of the following contains the two sectors whose percentage contribution to the real GDP has declined since 1900?
A. Farming and manufacturing. B. Farming and services. C. Services and exports. D. Manufacturing and exports.
If the Fed wants to reduce the inflation rate, it should sell bonds in the open market
a. true b. false
Are developing country cities too large, too small, or about right in size? Justify your answer with evidence from developing economies
What will be an ideal response?