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
Economics
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.
Economics
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