The IMF comprises of 50 member countries including all developed countries, and a few countries of Asia and Latin America
a. True
b. False
Indicate whether the statement is true or false
False
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The analysis of asymmetric information problems is called ________
A) adverse selection B) microeconomics C) cybernetics D) agency theory
Fast Ink wants to prevent Jet Ink from entering the ink market. If Fast Ink expands its capacity, the expansion can lead to all of the following except which one?
A) decrease Fast Ink's profit-maximizing quantity B) increase Fast Ink's profit-maximizing quantity C) decrease Fast Ink's marginal cost D) decrease Fast Ink's profit-maximizing price
Which of the following statements is true about efficiency wages?
a. Efficiency wages reduce monitoring cost of the employer. b. Employees benefit more from efficiency wages than employers. c. Productivity of the employee is usually unaffected by efficiency wages. d. Loafing is more rewarding for employees who earn efficiency wages.
In the long run people come to expect whatever inflation rate the Fed chooses to produce, so unemployment returns to its natural rate
a. True b. False Indicate whether the statement is true or false