The result of effective screening and signaling can be:
A. more transactions take place.
B. surplus is increased for buyer and/or seller.
C. more information is credibly shared.
D. All of these statements are true.
D. All of these statements are true.
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How did active government industrialization strategy and industrial policies, including the collaboration between private and public sectors contribute to the East Asian development success?
What will be an ideal response?
In Figure 13-3 above, suppose that the Fed maintains a fixed real money supply and that commodity demand is also fixed. The range of shifts in the LM curve, LM1 to LM2 lead to
A) an unstable equilibrium output, C to B1. B) a stable equilibrium output, C. C) an unstable equilibrium output, B0 to B1. D) a stable equilibrium output, B0 to B1.
Ceteris paribus, if the government transfers income from individuals with a high MPC to those with a low MPC, in the short run, spending and output will:
A. Increase. B. Decrease. C. Stay the same. D. Increase or decrease depending on the level of saving.
Ceteris paribus, which of the following would cause a decrease in the demand for HD TVs, a normal good?
A. decline in the price of HD TVs. B. increase in the price of HD TVs. C. increase in consumers' income. D. decrease in consumers' income.