Adverse selection will occur in a market as a result of
A) rational ignorance. B) moral hazard.
C) the sale of "lemons." D) asymmetric information.
D
Economics
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Which of the following four-firm concentration ratios would be the best indicator of an oligopoly?
A) 0.25 percent B) 31 percent C) 78 percent D) 100 percent E) 11 percent
Economics
The numerical value of the MPC is typically
A. less than 1. B. equal to 1. C. greater than 1. D. unpredictable.
Economics
What are the main reasons (give at least three) that Ricardian equivalence might not hold?
What will be an ideal response?
Economics
The nation, as a whole, is hurt by inflation if it:
a. Is expected. b. Reduces productivity. c. Changes consumers' preferences for durable versus non-durable goods. d. Rises at a rate that is greater than real GDP. e. All the above are true.
Economics