Asymmetric information involves:
a. information overload in the loan market.
b. information that is available on the Web.
c. use of the Federal Reserve information system.
d. an inequality of information in the loan market.
d
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A competitive firm will exit an industry in the long run when the market price falls below its
a. marginal revenue. b. marginal cost. c. average cost. d. average variable cost.
A country undertakes a revaluation in order to
A) decrease its net exports. B) move to a flexible exchange rate system. C) lower the value at which its currency is pegged. D) increase its net exports.
The output of Mexican citizens who work in Texas would be included in the
A) net national product of the United States. B) gross national product of the United States. C) gross national product of Mexico. D) gross domestic product of Mexico.
If bond prices and interest rates are plotted on a graph, the curve has a positive slope.
Answer the following statement true (T) or false (F)