The lemons problem occurs mainly because of
A) asymmetric information.
B) a market failure.
C) negative externality.
D) a monopoly.
A
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The current international monetary system is
a. a flexible exchange rate system b. a fixed exchange rate system c. a system combining fixed and flexible exchange rates d. a gold standard e. a gold exchange rate system
How does a dominant firm try to prevent new competitors from entering the oligopoly market?
Which of the following would be a part of macroeconomics?
A) the change in automobile sales due to a change in the price of automobiles. B) a tax reduction impact on the profits of a business. C) inflation. D) the unemployment of workers displaced by technological change in the typesetting industry.
If the MPC in the United States was low, it would increase the value of the multiplier.
Answer the following statement true (T) or false (F)