In which of the following markets are buyers likely to have private information?
A) The market for used cars
B) The market for fresh fruits and vegetables
C) The market for banking services
D) The market for health insurance
D
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This year, on advice from your sister, you bought tobacco company stock at $50/share. During the year, you collected an $8 dividend, but due to the company's losses in medical lawsuits its stock fell to $40/share
At this point, you sell, realizing a A) dividend yield of -16% and a capital loss of 20%. B) dividend yield of 16% and a capital loss of 20%. C) dividend loss 10%. D) capital loss of 10%. E) total loss of 20%.
Which of the following actions by the Fed would increase the money supply?
a. Increasing the required reserve ratio. b. Selling government bonds in the open market. c. Increasing the discount rate. d. Reducing the required reserve ratio.
Cost-of-living adjustment is a/an ________ in a transfer payment or wage that results in ________ in the price level
a. increase; increase b. increase; decrease c. decrease; increase d. decrease; no change
Almost all of the rent that tenants pay to landlords of apartments buildings is economic rent.
Answer the following statement true (T) or false (F)