Because the seller of a used car has more information than the buyer:
A. the problem of moral hazard occurs.
B. the problem of information overload occurs.
C. the problem of adverse selection occurs.
D. the problem of bargaining imbalance occurs.
C. the problem of adverse selection occurs.
Economics
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Sellers in a perfectly competitive market:
A) are price takers. B) sell differentiated goods and services. C) are not allowed to exit the market. D) are small in number.
Economics
If nominal GDP = $900 billion and the public holds $300 billion in M2, then the velocity of the M2 money supply is
A) 1. B) 2. C) 3. D) 4.
Economics