Shondra's real wage in 2016 is $18.50. If the price level is 106, what is Shondra's nominal wage?

The marginal social cost curve ________ when production involves negative externalities

A) is parallel to the horizontal axis B) is parallel to the demand curve C) lies above the supply curve D) lies to the right of the supply curve

An employee in a department store often steals goods when other employees are not around. Because the store does not have a surveillance camera, the store manager is unable to monitor his activities. This behavior is an example of ________

A) adverse selection B) moral hazard C) internalization of externalities D) the paradox of thrift