A typical American family sends about _____% of its budget on services

Two types of asymmetric information that create problems for international investment are

A) adverse selection and moral selection. B) adverse hazard and moral hazard. C) adverse selection and moral hazard. D) adverse hazard and moral selection.

Use the following general linear demand relation:Qd = 100 - 5P + 0.004 M - 5PR where P is the price of good X, M is income, and PR is the price of a related good, R.What is the demand function when M = $50,000 and PR = $10?

A. Qd = 100 - 5P B. Qd = 350 - 5P C. Qd = 300 - 5P D. Qd = 200 - 5P E. none of the above