Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees
b. a temporary clerical agency hires without verifying typing skills
c. a manufacturer requires suppliers to be ISO 900 . certified
d. Smokers get the worse life insurance rates as non-smokers
b
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In a market-based economy, what is the role of a system of prices?
A. To create abundance and surpluses B. To make goods and services too expensive. C. To address the problem of scarcity D. To create shortages
Absolute property rights exist when one individual or entity has complete control over a resource, including the right to transfer that resource to someone else
Indicate whether the statement is true or false
The supply curve is the same as another curve. What other curve is the same as the supply curve? Why are the curves the same?
What will be an ideal response?
What might cause a demand curve to shift to the right?
A. An increase in the price of a complement B. A decrease in the price of a substitute C. An increase in the price of a substitute D. An increase in the product's own price