A country is categorized as a low-income economy by the World Bank if its per capita income is below:

If the value of a cable TV franchise is uncertain, too much may be bid for the franchise. This is an example of

a. moral hazard b. an authority relation c. the winner's curse d. the principal-agent problem e. adverse selection

If 1 U.S. dollar exchanges for 122.57 Japanese yen, how much would it cost in U.S. dollars and cents to purchase a Toyota Camry priced at 2 million yen?

What will be an ideal response?