Employers can find themselves in an adverse selection problem if there are too:
A. many applicants for each job.
B. few applicants for each job.
C. many qualified applicants for each job.
D. many underqualified applicants for each job.
Answer: D
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After the imposition of the quota, the quantity demanded of TVs is ________ thousand. 
A. 20 B. 80 C. 100 D. 40
If a person has a comparative advantage in some activity, she must have an absolute advantage in that activity as well
Indicate whether the statement is true or false
A 10 percent increase in the price of tablets leads to a 10 percent decrease in the quantity demanded of tablets. The absolute price elasticity of demand for tablets is
A) 3. B) 0.3. C) 1. D) 10.
Very high inflation can arise when huge budget deficits are financed by the government printing its domestic currency. Which country experienced inflation of several million percent in 2008 as a result of this problem?
a. Myanmar b. Ukraine c. Zimbabwe d. Belarus