One result of adverse selection in the used car market is that few plums (high-quality) are sold.
Answer the following statement true (T) or false (F)
True
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If growth in the United States speeds up so that investors believe they can make a bigger profit from U.S. assets, the ________ U.S. dollars will ________
A) demand for; increase B) demand for; decrease C) supply of; increase D) supply of; decrease
The total variable cost curve increases at a decreasing rate when there are early gains from specialization
Indicate whether the statement is true or false
Private markets usually provide lighthouses because ship captains have the incentive to navigate using the lighthouse and therefore will pay for the service
a. True b. False Indicate whether the statement is true or false
Suppose Stan Musial earned $115,000 in 1947 . If the CPI was 82 in 1947, and was 246 in 1990, what is Stan Musial's 1947 salary in 1990 dollars?