In general, information asymmetries are ________ within financial markets.
A. uncommon
B. common
C. not accounted for
D. not easily accounted for
Answer: B
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Which of the following Latin American countries had by far the worst growth rate between 1960 and 2011?
A) Brazil B) Columbia C) Mexico D) Venezuela
Refer to Table 7-4
a. Which country has an absolute advantage in the production of both light bulbs and flash drives? b. Which country has a comparative advantage in the production of light bulbs? c. Which country has a comparative advantage in the production of flash drives?
Refer to Table 17-20. If Maddie chooses not to clean, then Nadia will
a. clean and Maddie's payoff will be 50.
b. clean and Maddie's payoff will be 30.
c. not clean and Maddie's payoff will be 7.
d. not clean and Maddie's payoff will be 10.
Table 35.1CountryTons of SoybeansComputerChina100300United States150750Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. The opportunity cost of producing 1 computer in China is
A. 1/3 of a ton of soybeans. B. 3 tons of soybeans. C. 1/4 of a ton of soybeans. D. 4 tons of soybeans.