With microfinance, the mechanism of peer lending is a way to avoid the problem of
A. imperfect information.
B. a double coincidence of wants.
C. capital flight.
D. the tragedy of the commons.
Answer: A
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An increase in the demand for chicken is predicted to ________ the real wage and ________ employment of unskilled workers in a poultry processing plant.
A. increase; increase B. decrease; decrease C. increase; not change D. increase; decrease
If a firm's marginal revenue is equal to marginal cost at an output level where average variable cost is rising, the firm should shut down
Indicate whether the statement is true or false
A change in consumer taste will prompt a change in _____.
Fill in the blank(s) with the appropriate word(s).
Nominal gross private domestic investment was $1888.0 billion in 2008 and rose to $2057.4 billion in 2009. The chain-weight price index for gross private domestic investment was 106.6 for 2008 and 110.3 for 2009, where 2005 was the base year. Calculate the percent change in real gross private domestic investment (rounded to the nearest percentage point) from 2008 to 2009.
A. 3% B. 4% C. 5% D. 1%