An online dating firm is
A) a platform in a shared-input market.
B) an end user in a matchmaking market.
C) a platform in a matchmaking market.
D) an end user in a shared-input market.
C
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Goldsmiths are considered to be the forerunners of modern banks because they: a. had safes to keep gold secure
b. issued gold coins. c. created money by lending out gold reserves. d. created legal tender. e. verified the quality of money.
Principal-agent problems do NOT arise between:
A. stockholders and managers. B. managers and workers. C. workers and consumers. D. stockholders and workers.
Last year you earned $20,000 and paid taxes in the second tax bracket at 15 percent. This year you earned $25,000, the extra $5,000 just compensating you for inflation. However, this year you paid taxes in the third bracket at 20 percent. This illustrates the concept of
A. Bracket creep. B. Stagflation. C. Deflation. D. Speculation.
A major implication of asymmetric information is that:
A. health care suppliers may reduce the supply of health care. B. health care suppliers may increase the demand for health care. C. collusion between health care suppliers and purchasers may accelerate the rise in costs. D. resources may be underallocated to the health care industry.