Screening is
a. actions by the informed party to reveal her true risks
b. actions by the informed party to conceal her true risks
c. actions by the uninformed party to uncover the true risks
d. actions by the uninformed party to conceal the true risks
c
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The increased efficiency and specialization that results from globalization illustrates the:
A. principle of increasing opportunity costs. B. cost-benefit principle. C. principle of comparative advantage. D. scarcity principle.
Which of the following factors does NOT shift the supply of loanable funds curve?
i. change in disposable income ii. change in wealth iii. change in expected profit A) i only B) ii only C) iii only D) ii and iii E) i and ii
The relationship between the government deficit and the change in the monetary base is
A) deficit equals change in government debt held by the public minus change in monetary base. B) deficit equals change in government debt held by the public plus change in monetary base. C) deficit equals change in government debt outstanding plus change in monetary base. D) deficit equals change in government debt outstanding minus change in monetary base.
Is it possible to have a production function that exhibits both a diminishing marginal product of labor and constant returns to scale? Explain
What will be an ideal response?