If you sell your DVD player on eBay, you will be better informed about the quality of the product than any potential buyer. This is called
A) adverse selection.
B) asymmetric information.
C) moral hazard.
D) opportunistic behavior.
B
Economics
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for blu-ray discs. Which panel best describes what happens in this market if there is a substantial increase in the price of blu-ray players?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Economics
According to Maslow's Hierarchy of Needs, physiological is the most basic. What is the need that comes next?
a. Esteem b. Self-Actualization c. Belongingness and Love d. Safety
Economics