A landlord requiring potential tenants to provide a rental history is an example of:
A. screening.
B. signaling.
C. statistical discrimination.
D. building a reputation.
A. screening.
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For a common resource, the marginal private benefit of the resource is greater than the marginal social benefit
Indicate whether the statement is true or false
If a life insurance company does NOT require a medical exam of its policyholders, it is most likely that the company
A) charges above-average premiums. B) charges below-average premiums. C) charges no premiums. D) has only very healthy policyholders.
The Fed sometimes works to partly offset or even neutralize the effects of fiscal policy with monetary policy
a. True b. False Indicate whether the statement is true or false
If the MRP of labor in a firm is $67, and the MLC equals $56, what would you advise the firm to do?
a. Stay at its current output level. b. Hire additional workers. c. Raise prices. d. Reduce employment. e. Reduce the wage rate.