For a screen to be successful,
a. High risk individuals must not be able to pose as low risk individuals
b. It must not be profitable for high risk individuals to pose as low risk individuals
c. High risk individuals should be able to pose as low risk individuals
d. None of the above
b
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Define the term budget deficit (as it applies to the federal government) and describe the difference between a cyclical deficit and a structural deficit. Provide a hypothetical numerical example to help support your answer
Explicit price fixing:
A. is illegal in the U.S. and in the European Union. B. is illegal only in the United States. C. is illegal only if the firms engage in punishment strategies. D. has not occurred in recent years.
Answer the following statements true (T) or false (F)
1) During the Great Depression, most nations lowered tariffs and abolished import quotas to encourage the flow of trade. 2) Barriers to free trade impair efficiency in the international allocation of resources. 3) The World Trade Organization is comprised of 28 European nations and dedicated to abolishing trade barriers and integrating their economies. 4) The World Trade Organization (WTO) is an international organization designed to provide short-term advances of foreign monies to those nations faced with trade deficits.
If the shutdown rule, p < AVC, is the same in the short run and the long run, explain why the shutdown prices may be different
What will be an ideal response?