Which of the following statements is true about a simple circular flow model?
A) Producers are buyers in the factors market.
B) Producers are neither buyers nor sellers in the product market.
C) Households are neither buyers nor sellers in the input market.
D) Households are sellers in the product market.
A
Economics
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If a duopolists' collusive price-fixing game can be played repeatedly,
A) one possible equilibrium is that both firms cheat. B) players can signal their willingness to cooperate. C) players can punish cheaters in the following game. D) All of the above answers are correct.
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Incentives to provide resources to less qualified individuals are referred to as
a. adverse selection b. forced saving c. moral hazard d. seigniorage e. all of the above
Economics