Refer to the scenario above. Which of the following problems is likely to arise in the market for used cell phones in Barylia?
A) The tragedy of the commons
B) The paradox of thrift
C) Adverse selection
D) Free-rider problem
C
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Less developed countries are often characterized by imperfect capital markets. Assuming that the LCH applies to these countries and that a large proportion of the population is below fifty the
A) MPC should be relatively high. B) MPC should be relatively low. C) frequency of liquidity constraints is low. D) sensitivity of consumption to loans is low.
The establishment of Jamestown in 1607 was financed by
a. the London Company. b. the Plymouth Company. c. the English Parliament. d. Sir Walter Raleigh.
Who among the following would not be considered officially unemployed?
a. Jones, who quit his job to look for a better job in another part of the country b. Jason, who got fired from his job when the government cut spending c. Bourne, who is looking for a job after being out of the labor force for five years d. Sophie, who retired early because she disliked her current job e. Annie, who dropped out of the labor force after a year of job search
According to Nicholas Lemann, the _________ are the real authority in the ghetto.
Fill in the blank(s) with the appropriate word(s).