Adverse selection is a
a. Pre-contractual problem
b. Post contractual problem
c. Post firing problem
d. None of the above
a
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Personal cognitive surplus and access to Web 2.0 has spurred the rise of a new collaborative ________ model.
a. social b. economic c. access d. adaptive e. none of the above
When a price rise of an asset can be justified by fundamental concepts and past experiences, then such a price rise does not constitute a classic bubble
a. True b. False Indicate whether the statement is true or false
What might happen to a county's economy and standard of living without property rights?
A. Increase because people will be producing more goods and services B. Stay the same C. Increase because there are more inventive to produce goods and services D. Decrease because there are fewer incentives to produce goods and services
The menu cost theory suggests that
A. frequent price changes are costly for firms. B. perfect competition does not exist. C. there will be no unemployment. D. wages and prices move freely and quickly.