The lemons problem occurs mainly because of
A. a market failure.
B. positive externality.
C. asymmetric information.
D. negative externality.
Answer: C
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The International Monetary Fund (IMF) is an international organization designed to
A) promote world economic growth via loans to developed nations. B) promote world economic growth by means of greater financial stability. C) circulate a single currency worldwide. D) act as the world's central bank.
Which of the following shifts the aggregate supply curve rightward?
A) increase in real GDP B) increase in the money price of oil C) increase in the money wage rate D) increase in potential GDP E) increase in consumers' incomes
Which of the following can be a signal of product quality to customers?
a. Discounts offered on bulk purchases of the product. b. Gift of complementary products offered to purchasers. c. The information provided by the salesperson about the product. d. A warranty provided along with the product.
The decline in union membership in the manufacturing economy has given way to a rise in union organizing in the ______________.
Fill in the blank(s) with the appropriate word(s).