Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees
b. a temporary clerical agency hires without verifying typing skills
c. a manufacturer requires suppliers to be ISO 9000 certified
d. Smokers get the worse life insurance rates as non-smokers
b
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Laws and courts tend to make markets work ________ and make society ________
A) less effectively; poorer B) less effectively; richer C) more effectively; poorer D) more effectively; richer
Give a brief description of the history of tariffs in the United States
What will be an ideal response?
When goods do not have a price, which of the following primarily ensures that the good is produced?
a. buyers b. sellers c. the market d. government
The term "stagflation" is used to define an economic situation where there are adverse supply shocks which cause a fall in output but with increasing price level.
Answer the following statement true (T) or false (F)