The relative price of a magazine in the above figure is
A) 0.5 of a hamburger per magazine.
B) 1 hamburger per magazine.
C) 1.33 hamburgers per magazine.
D) 8 hamburgers per magazine.
C
Economics
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A firm that screens candidates to determine how well they would work with limited supervision is afraid of facing
a. Adverse selection b. Moral hazard c. Forced bankruptcy d. None of the above
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Real GDP means GDP:
A. valued at prices in a base year. B. that does not change from year to year. C. corrected for changes in quality. D. valued at prices at which goods are actually sold.
Economics