Which of the following helps explain the problem of disappearing political discourse?

A. Moral hazard
B. The lemons model
C. Statistical discrimination
D. Adverse selection


Answer: C

Economics

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Which of the following is included in "compensation of employees" part of the income approach to measuring GDP? I. Wages and salaries. II. Pension fund contributions. III. Social Security contributions

A) I only B) I and II C) I and III D) I, II and III

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Refer to Table 1-1. Using marginal analysis, how many hours should Eva extend her bakery's hours of operations?

A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours

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The Board of Governors appoint __________ directors for each Federal Reserve Bank and the member banks elect __________ for the Federal Reserve Bank in their district

A) three; three B) three; six C) six; three D) six; six

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Production inefficiency is most likely to occur when the principal has more information about work performance than the agent does

Indicate whether the statement is true or false

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