If eight lemons (low quality) and two plums (high quality) are supplied and buyers assume that there is a 40% chance of getting a lemon, there is an equilibrium.
Answer the following statement true (T) or false (F)
False
Economics
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Advances in chemical and biological applications before World War I (1914–1918) increased agricultural output per acre
Indicate whether the statement is true or false
Economics
Cash payments that companies make to shareholders are called
a. annuities. b. dividends. c. premiums. d. favorables.
Economics
The best measure of average income for a country is
A. Real GDP. B. The economic growth rate. C. Per capita GDP. D. The capital stock of the economy.
Economics
The common currency area in Europe is called the:
A) common market. B) Eurozone. C) euromark. D) European Union.
Economics