Refer to Table 2-9. Japan has a comparative advantage in the production of
A) rice. B) wristwatches. C) both products. D) neither product.
A
Economics
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When lenders are unable to get good information about the worthiness of a project the lender has the problem of
A) adverse selection. B) moral selection. C) moral hazard. D) adverse hazard.
Economics
In Figure 11.3, if the MPS is 0.25 and the distance between points C0 and C1 is 200, then the distance between points y0 and y1 must be
A) 50. B) 200. C) 400. D) 800.
Economics