In markets with incomplete information, middlemen tend to ________ total economic surplus by ________.
A. reduce; giving misleading information
B. increase; matching sellers with buyers who have high reservation prices
C. increase; raising prices
D. reduce; raising prices
Answer: B
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If China's real GDP grew from $7 trillion one year to $8 trillion the next, the annual growth rate would be:
A. 14.3 % B. 87.5 % C. 114 % D. 12.5 %
Consider the following two statements to answer this question:
(1) The bubble policy allows a facility to measure its emissions as an average of all emission points from that facility. (2) Netting was developed as a trading program to control emissions in PSD areas. a. (1) is true and (2) is false c. (1) is false and (2) is true b. both (1) and (2) are false d. both (1) and (2) are true
If there is a major problem in a country that leads to the rapid withdrawal of foreign investment, this is known as
A. international financial crisis. B. moral hazard. C. adverse selection crisis. D. an international leakage.
Refer to the scenario above. The average payoff of the bet is:
A) $50. B) $100. C) -$50. D) -$100.