In a market with ________, one side of the market has private information that is relevant for the other side
A) asymmetric information
B) perfect competition
C) monopolistic competition
D) positive externalities
A
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Which one of the following would lead to an eventual change in the total money supply?
A) a customer's cash withdrawal from an ATM B) using a credit card to purchase a new television C) a customer moves funds from her checking account to her savings account D) depositing a paycheck in a bank
Which of the following items is not a component of the expenditure approach to measuring U.S. GDP?
A) purchases of food made by families B) Social Security payments made by the government C) purchases of U.S.-made movies by Europeans D) purchases of new homes made by families
If the complicated technology costs $10million to develop, what is the expected gain from developing the thought activated software
a. $5million b. $10million c. $25million d. $50million
A government currently uses price controls to hold down the price of zinc, an exhaustible resource. If price controls are removed,
a. production of zinc will probably fall. b. zinc mines with high marginal cost of production will probably stop producing. c. consumers of zinc will probably want substitutes for zinc. d. income will probably be redistributed from zinc producers to zinc consumers.