Robert buys bonds. Rachel buys a new truck for her landscaping business. Identify both as savers, investors, both, or neither
Robert is a saver. Rachel is an investor.
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Which of the following is true of a used-car market?
A) Sellers have more information than the buyers. B) Gains from trade do not exist in this market. C) The cars sold are identical in quality. D) There is no consumer surplus in this market.
The need for a rationing device results from scarcity
Indicate whether the statement is true or false
What is one potential problem with offering a choice of contracts to two different employees?
A) If Employee A is paid more than Employee B, Employee A might sue for discrimination. B) Employee A might be paid less than Employee B, proving statistical discrimination. C) The two employees might compare salaries without comparing risk-preferences, thereby running the risk of jealousy or claims of discrimination. D) The two employees might compare risk preferences without comparing salaries, thereby running the risk of jealousy or claims of discrimination.
Unemployment rates typically increase dramatically from December to January because the holiday sales season ends. For this reason, it is best to
A. focus on November/December decreases. B. focus on January increases. C. politically adjust the data. D. seasonally adjust the data.