In order to be useful as a signal in a market with information asymmetry, the signal must be ________
A) easily available
B) inexpensive
C) unique
D) difficult to obtain
D
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A local restaurant offers an "all-you-can-eat" salad bar for $3.49. However, with any sandwich, a customer can add the "all-you-can-eat" salad bar for $1.49. This is an example of
A) peak-load pricing. B) second-degree price discrimination. C) a two-part tariff. D) tying. E) none of the above
Which of the following is most likely to be found in a perfectly competitive market?
a. 10 buyers and sellers b. 50 buyers and sellers c. 100 buyers and sellers d. 5,000 buyers and sellers
Most countries in the world have Gini coefficients ranging from:
A. 0.30 to 0.40. B. 0.25 to 0.60. C. 0.20 to 0.85. D. 0.10 to 0.50.
A small time deposit is one that is less than $100,000.
Answer the following statement true (T) or false (F)