Wearing a suit to a job interview is an example of a:
A. positive signal.
B. negative signal.
C. positive screen.
D. negative screen.
A. positive signal.
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The table above gives data for the nation of Syldavia. The capital and financial account has a
A) balance of $380 billion. B) $40 billion deficit. C) $50 billion deficit. D) $30 billion deficit. E) $40 billion surplus.
For the monopoly shown in the figure above, the profit maximizing output is
A) 4 units per day. B) 5 units per day. C) 6 units per day. D) 10 units per day.
Under perfect price discrimination the monopolist produces ________ a perfectly competitive market.
A. the same amount of output as a non-discriminating monopolist as well as B. less output than an imperfectly price discriminating monopolist, but more than C. more output than an imperfectly price discriminating monopolist, but less than D. the same amount of output as would
A common argument in favor of restricting international trade in good x is based on the premise that
a. international trade reduces total surplus in countries that export good x. b. international trade reduces total surplus in countries that import good x. c. international trade is desirable only when countries with different domestic supplies of natural resources play by different rules when trading with one another. d. trade restrictions can be useful when one country bargains with its trading partners.