One way to solve the problems caused by information asymmetry is:
A. surfing.
B. signaling.
C. proofing.
D. All of these are solutions to information asymmetry.
B. signaling.
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Explain the relationship between economic growth and labor productivity
What will be an ideal response?
If the Fed increases the interest rate in the U.S.:
A) the demand curve for dollars will shift to the left. B) the demand curve for dollars will shift to the right. C) the supply curve of dollars will shift to the right. D) the real exchange rate of the U.S. will depreciate.
The use of money ________ barter, and ________ economic specialization
A) eliminates the need for, increases B) eliminates the need for, decreases C) enhances the efficiency of, increases D) enhances the efficiency of, decreases
A market basket is made up of three goods, 10X, 12Y, and 18Z. The prices in the base year are $1.20, $2.10, and $3.25, respectively. The prices in the current year are $1.44, $2.23, and $3.88. What is the approximate consumer price index in the current year?
A) 103 B) 111 C) 116 D) 110 E) 96