If Tom tattles, what would Sarah's best response be
a. Hit
b. Not hit
c. Run
d. Hide
b
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A price ceiling that sets the price of a good below market equilibrium will cause
a. an increase in quantity demanded of the good. b. a decrease in quantity supplied of the good. c. a shortage of the good. d. all of the above.
An American retailer purchased 100 pairs of shoes from a company in Mexico in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016 . In which quarter(s) does(do) the value of the shoes add to U.S. GDP?
a. the second and third quarters b. the second quarter but not the third quarter c. the third but not the second quarter d. neither the second nor the third quarter
Which of the following statements about the FDIC is correct?I.The deposit insurance premiums charged by the FDIC to a member bank fully reflect the riskiness of that bank's assetsII.The manner in which the FDIC is set up helps protect depository institutions from the rigors of true market competition
A. I only B. II only C. Both I and II D. Neither I nor II
Adverse selection occurs when there is
A) full information. B) unobserved behavior. C) an unobserved characteristic. D) a worker who shirks because his boss does not watch him.