If the price level in the current period is higher than what buyers and sellers anticipated,
What will be an ideal response?
profit margins will be attractive and firms will expand output.
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If a roofer offers a one-year warranty on their work, this is an example of ________.
A) a signal B) a trademark C) profit sharing D) certification
Two parties can capture gains from specialization and trade whenever: a. One party is twice as good as producing all goods as the other
b. The opportunity costs of producing each good are the same for both parties. c. Both parties can produce equal amounts of both goods. d. None of the above are true.
Information privacy includes both the right to prohibit certain information from being collected by either governments or businesses, and the right to:
Unemployment insurance could affect unemployment by:
A. changing the incentives of those unemployed and looking for work. B. decreasing the amount of frictional unemployment. C. increasing the equilibrium level of unemployment. D. All of these are true.