________ occurs when a country abolishes its own currency and uses the currency of some other country.
A. Revaluation
B. Demonetization
C. Dollarization
D. Seigniorage profit
Answer: C
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The closer a market's Herfindahl-Hirschman Index (HHI) is to ________ the more competitive the market, which means there are ________ firms in the market.
A) 10,000; few B) 10,000; many C) 100; many D) 100; few
Which is a screen against adverse selection
a. Insurance companies require homeowners to have smoke detectors b. Rearview cameras in cars c. Installing engine monitors to track driving habits of the insured d. Prospective secretaries must take a typing test before being hired
Marginal utility can be:
A. positive, but not negative. B. positive or negative, but not zero. C. positive, negative, or zero. D. decreasing, but not negative.
The egalitarian principle says
A) that everyone should have exactly the same income. B) that the age-earnings cycle should determine income. C) that people should be compensated on the basis of what they produce. D) that people should be compensated on the basis of their need.