When a principal attempts to get an agent to reveal his or her private information, which of the following is occurring?
a. Screening
b. Signalling
c. Moral hazard
d. Adverse selection
a
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The value of a General Motors' automobile produced in Spain is not included in our GNP
Indicate whether the statement is true or false
Bubba is a shrimp fisherman who catches 4,000 pounds of shrimp per year. He can sell the shrimp for $5 per pound. His average total cost of catching shrimp is $3 per pound. Bubba's annual total profit is
a. $8,000. b. $12,000. c. $20,000. d. $32,000.
Paper money is printed at the _______________________, but it is issued to commercial banks by the ______________________________
A) Bureau of Engraving and Printing; FOMC B) U.S. Mint; 12 Federal Reserve District Banks C) Federal Reserve building in Washington; D.C., U.S. Treasury D) Bureau of Engraving and Printing; 12 Federal Reserve District Banks E) none of the above
?
Macro AD-AS Model
In Exhibit 10A-4, the self-correction argument is that in the long run, competition:
A. from unemployed workers causes an increase in nominal wages and a leftward shift in SRAS. B. from unemployed workers causes a rightward shift in SRAS. C. among firms for workers increases nominal wages and this causes a leftward shift in SRAS. D. among consumers causes an increase in the CPI and a rightward shift in SRAS.