Which of the following is likely to arise in a market with asymmetric information?
A) Moral hazard
B) A pecuniary externality
C) A positive externality
D) A prisoners' dilemma
A
Economics
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The balance of payments always balances, because each of the specific accounts must, by definition, be in balance
a. True b. False
Economics
In the United Sates, the average annual rate of growth of real wages was fastest in the period:
A. 1960-1973. B. 1960-1995. C. 1973-1995. D. 1996-2010.
Economics
The idea of government failure includes all of the following except
What will be an ideal response?
Economics
________ is a cost or benefit resulting from some activity or transaction that is imposed or bestowed on parties outside the activity or transaction.
A. A provisional injunction B. Marginality C. Utility D. An externality
Economics