The demand curve for labor shows how many hours workers demand to work
Indicate whether the statement is true or false
FALSE
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If Fast Prints has a contract with local couriers to deliver their products to customers located throughout the city, this is an example of ________.
A) outsourcing B) a market transaction C) forward integration D) backward integration
Moral hazard and adverse selection are similar asymmetric information problems but moral hazard involves hidden actions while adverse selection involves hidden characteristics
a. True b. False Indicate whether the statement is true or false
Which of the following illustrates consumer surplus?
a. Jon and Gabi find the perfect apartment, but it is $100 per month over budget. b. When Amy shops for a new car, she finds dozens of options in her price range. c. Beck finds an online deal for a plane ticket to Miami that is $100 under his budget. d. Stores cannot stock enough round sunglasses after a celebrity promotes the style.
If the dollar were to depreciate against major foreign currency, the dollar's depreciation should result in:
A. an increase in U.S. exports and an inward shift of the U.S. aggregate demand curve. B. an increase in U.S. exports and an outward shift of the U.S. aggregate demand curve. C. a decrease in U.S. exports and an inward shift of the U.S. aggregate demand curve. D. a decrease in U.S. exports and an outward shift of the U.S. aggregate demand curve.