Adverse selection exists because ________
A) moral hazard exists
B) asymmetric information exists
C) of government regulation
D) financial innovation continually occurs
B
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Today, you might be buying from a regulated natural monopoly when you purchase
A) a car, a truck, or a bicycle. B) a computer, a phone, or a camera. C) natural gas or electricity. D) a house, a condominium, or a plot of land. E) food in a grocery store or in a restaurant.
In the United States, the inflation rate has
A) remained almost constant over the past 25 years. B) risen and fallen since the 1970s. C) fallen as a result of OPEC oil price hikes. D) risen constantly over the past 30 years.
Refer to the production function. The total product at 4 units equals ________ units
Fill in the blank(s) with correct word
The Laffer curve depicts a basic idea of which of the following schools?
a. supply-side economics b. rational expectations c. Keynesian d. neo-Keynesian e. classical