Buying a product in one market and reselling it in another market at a higher price is referred to as
A) arbitrage.
B) purchasing power parity.
C) crowding in.
D) barter.
A
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Some companies subject their applicants to extensive tests. Why?
A) to reduce the informational asymmetry between the firm and the applicant B) to screen the applicant to avoid the problem of adverse selection C) to gather more information about the applicant D) All of the above.
When the quantity demanded of labor exceeds the quantity of labor supplied, the market wage rate is
a. below equilibrium b. above equilibrium c. at its equilibrium level d. equal to the workers' MRP e. equal to the workers' opportunity cost
Explain why using leverage to purchase risky securities is so popular
Bitcoin is a:
a. Virtual currency that keeps track of owners and users by means of a clearing house called Mt. Gox. b. Virtual currency that publishes all Bitcoin-related domestic transactions online but keeps its international transactions confidential. c. Is a virtual currency that publishes online the details of all its customers' transactions but manages to keep customer anonymity by not publishing facts pertaining to their addresses? d. Physicalcurrency that has grown in popularity because it does not need to be cleared, thereby making these transactions anonymous.