The fair value of a good is not a subjective measure
Indicate whether the statement is true or false
FALSE
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Silver is an example of a
A) commodity money. B) fiat money. C) barter money. D) representative money.
Which of the following is a reason why a firm would experience diseconomies of scale?
A) As the size of the firm increases, it must operate in other countries where differences in language, customs, and laws increase its average costs. B) To finance an increase in the size of its plant a firm must borrow more money or sell more shares of stock. C) As the size of the firm increases, it becomes more difficult to find markets where it doesn't already have operations. D) As the size of the firm increases it becomes more difficult to coordinate the operations of its manufacturing plants.
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A. was favored by John Nash. B. was favored by John Rawls. C. is an outcome-oriented notion of equity. D. is a process-oriented notion of equity.
An example of moral hazard is
a. people drive less carefully in icy conditions with antilock brakes than without b. people drive as safely with more airbags as without c. football players avoid 'spearing' with their heads even with safer helmets d. people read the medicine warnings as carefully when self-medicating as with a doctor's prescription