A potential cause of competitive market failure is symmetric information.
Answer the following statement true (T) or false (F)
False
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Tobin's model of the speculative demand for money shows that people hold money as a ________ as a way of reducing ________
A) medium of exchange; transaction costs B) medium of exchange; risk C) store of wealth; transaction costs D) store of wealth; risk
According to data on GDP growth between 1980 and 2010,
a. poor nations stagnated, while the rich nations continued to grow. b. poor nations grew rapidly, while the rich nations stagnated. c. most of the world's rapidly growing countries were located in Africa. d. many poor nations grew more rapidly than wealthy nations, while others continued to stagnate.
The fundamental cause of monopoly is
Which of the following events would allow the production possibilities curve to shift outward?
A. People begin to retire at earlier ages. B. Technology is lost. C. The economy's capital stock declines. D. More teenagers enter the labor force.