If you buy a gift without knowing what a person really wants or needs, you have demonstrated:
A. the incentive problem of gift-giving.
B. the necessity-identification problem of gift-giving.
C. the knowledge problem of gift-giving.
D. the negative trade problem of gift-giving.
Answer: C. the knowledge problem of gift-giving.
Economics
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In a diagram with the total cost curve and the total variable cost curve, as output increases, the vertical distance between these two curves
A) is constant. B) decreases. C) increases. D) gets smaller and then bigger again.
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Most migrants move from developing to developed nations
Indicate whether the statement is true or false
Economics