In the used car market, the less-informed party is the ________. In the health care market, the less-informed party is the ________.
A. buyer; seller
B. seller; buyer
C. buyer; government
D. seller; government
Answer: A
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Xanadu Corp has issued 90 million shares of stock, and it has no plans to issue any more in the near future. If the demand for Xanadu stock increases,
a. the price and quantity of Xanadu stock will both increase b. the price and quantity of Xanadu stock will both decrease c. the price will remain constant, and the quantity of Xanadu stock will increase d. the quantity of Xanadu stock will remain constant, and the price will increase e. the price will increase, and the quantity of Xanadu stock will decrease
The average propensity to consume (C/Y) for the period 1970 to 1991 ranged between
a. 0 and - 0.80 b. 0 and 0.01 c. 0.65 and 0.80 d. 0.95 and 1.00 e. 1.20 and 1.50
A supply schedule is a table that shows the relationship between
a. price and quantity supplied. b. input costs and quantity supplied. c. quantity demanded and quantity supplied. d. profit and quantity supplied.
A improvement in production technology will shift the
a. supply curve to the right. b. supply curve to the left. c. demand curve to the right. d. demand curve to the left.