Asymmetric information exists when both sides of a market approach perfect information
a. True
b. False
B
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General Motors Corporation (a U.S.-based firm) produces a Saab vehicle in Sweden, and sells it in the United States. In which country's GDP is it included?
a. Sweden and the United States b. The United States because it was sold there c. The United States because GM is a U.S. company d. Sweden because it was produced there
The opportunity cost of an action is
a. the monetary payment the action required. b. the total time spent by all parties in carrying out the action. c. the value of the best opportunity that must be sacrificed in order to take the action. d. the cost of all alternative actions that could have been taken, added together.
Which of the following will result in the money market when the price level in an economy rises, while the supply of money remains unchanged?
What will be an ideal response?
Refer to the diagram. The marginal propensity to consume is:
A. .4.
B. .6.
C. .5.
D. .8.