eBay has a seller reputation system to provide
A) consumers with a signal concerning seller quality.
B) sellers a chance to signal other sellers concerning their quality.
C) a reduction in monopoly power.
D) improvements in investor relations.
A
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Given the scenario described, if the market price of hammers decreased from $15 to $13, which of the following can be said with certainty?
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. Bob’s Hardware would no longer participate in the market. B. Total producer surplus would decrease. C. Only Bob's Hardware will experience a drop in producer surplus. D. Bob’s Hardware would continue to participate in the market.
If the French government increases its expenditures and reduces taxes, then France's interest rate
a. and its exchange rate rise. b. rises and its exchange rate falls. c. falls and its exchange rate rises. d. and its exchange rate fall.
The current account is
A. an accounting statement that includes all spending flows across a nation's border, including the purchase of assets. B. an accounting statement that includes all spending flows across a nation's border for the purchase of goods and services. C. equal to value of a country's exports. D. equal to value of a country's imports.
In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:
A. higher prices. B. lower prices. C. lower output. D. None of these is true.