Buyers and sellers use ________ to communicate the quality of goods and services in a world of uncertainty.

A. asymmetric information
B. moral hazards
C. expected value
D. market signals


Answer: D

Economics

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A ________ is an exclusive right granted by the government to an author's intellectual property

A) patent B) blueprint C) copyright D) trademark

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A firm's demand for labor curve is also called its

A) marginal revenue product of labor curve. B) marginal benefit of labor curve. C) marginal factor cost of labor curve. D) marginal valuation curve.

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Social Security retirement benefits are increased automatically each year at the rate of inflation

Indicate whether the statement is true or false

Economics

If labor supply increases, the wage rate increases

a. True b. False

Economics