Which of the following is the outcome of the lemons problem in the used-car market?
A) Only low-quality cars will be traded in the market.
B) Only high-quality cars will be traded in the market.
C) Both low-quality and high-quality cars will be traded in the market.
D) No cars will be traded in the market.
A
Economics
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If the currency drain ratio is 0.2 and the desired reserve ratio is 0.03, the money multiplier is
A) 5.22. B) 6.67. C) 0.76. D) 4.46. E) 3.23.
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The unemployment rate equals [(the number of people unemployed)/(the population)] × 100
Indicate whether the statement is true or false
Economics