Refer to the scenario above. What is the present value of the benefits of buying the extended warranty?

In the money market, an excess supply of money will:

A) increase the demand for bonds, increase bond prices, and decrease interest rates. B) increase the demand for bonds, decrease bond prices, and decrease interest rates. C) decrease the demand for bonds, increase bonds prices, and increase interest rates. D) decrease the demand for bonds, decrease bond prices, and increase interest rates.

A wage offer that is above the market wage, intended to avoid the adverse selection problem, is called a(n)

a. efficiency wage b. union wage c. selection wage d. spurious wage e. opportunity cost wage