Market mechanisms are unlikely to provide
A. prices.
B. nonrival goods efficiently.
C. supply and demand.
D. none of these answer options are correct.
B. nonrival goods efficiently.
You might also like to view...
Automobile insurance companies have a problem with people who buy insurance and then drive recklessly or take less care to avoid losses after being insured. In other words, the automobile insurance market is subject to
A) moral hazard. B) adverse selection. C) asymmetric information. D) market signaling.
It is often impossible for a business firm to determine its private costs of production
a. True b. False Indicate whether the statement is true or false
A nation’s currency is said to depreciate when exchange rates change so that a unit of its currency can buy fewer units of foreign currency.
Answer the following statement true (T) or false (F)
The ratchet effect means that:
A. when aggregate demand increases, the price level remains constant. B. when aggregate supply decreases, the price level increases. C. when aggregate supply increases, the price level decreases. D. when aggregate demand decreases, the price level remains constant.