A consequence of adverse selection is:
A. sellers violate the law when giving false information to buyers.
B. too many transactions occur of low value.
C. buyers and sellers may lose surplus they would have gained with more complete information.
D. None of these statements are true.
Answer: C
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The segregation of Hispanic students is somewhat less than those of black students
Indicate whether the statement is true or false
Which national income account should be examined to discover trends in the after-tax income that people have to save and spend?
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
The change in business inventories is a component of investment.
Answer the following statement true (T) or false (F)