Refer to Table 8-1. Suppose that a simple economy produces only four goods and services: sweatshirts, dental examinations, coffee drinks, and coffee beans. Assume all of the coffee beans are used in the production of the coffee drinks. Using the information in the above table, nominal GDP for this simple economy equals

Screening and signaling in the labor market are inefficient

A) unless college costs are relatively low. B) unless they result in a better job match. C) because the benefits are spread out over many firms. D) because they raise the wage paid to all workers.

With which choice are you more likely to avoid Bid-rigging cartels?

a. The winning bids are announced b. The winning bids are not announced c. Winning bids are announced right after the auction d. Both A&C