A landlord requiring potential tenants to provide a rental history is an example of:
A. signaling.
B. building a reputation.
C. screening.
D. statistical discrimination.
Answer: C
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Credit cards are included in
A) the M1 money supply. B) the M2 money supply. C) all of the above. D) none of the above.
If a good has unitary price elasticity of demand, then the absolute value of the percentage change in
A. quantity exactly equals one. B. price exactly equals one. C. the quantity demanded equals the absolute value of the corresponding percentage change in price. D. quantity demanded and the absolute value of the corresponding percentage change in price both equal one-half and total one.
What is the main problem regulators face when setting a price for a natural monopoly?
a. It is difficult to determine the quantity and price that the monopolist wants to produce. b. It is difficult to determine what the monopolist’s marginal cost is. c. It is difficult to determine the quantity consumers want to buy at the monopolist’s price. d. It is difficult to determine the price that doesn’t bankrupt the firm but doesn’t overcharge consumers.
Under a fixed exchange-rate system, the revaluation of the local currency against the dollar would result in an improvement in the country's trade balance with the United States.
Answer the following statement true (T) or false (F)