The amount of corruption that occurs in a government is hard to measure because:
A. its costs are mostly indirect and nearly impossible to measure.
B. it is illegal, and therefore hidden.
C. the benefits subtracted from the costs often go to a small number of people and distort the reality.
D. All of these are true.
B. it is illegal, and therefore hidden.
Economics
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Refer to the scenario above. Which of the following problems is likely to arise in the market for used cell phones in Barylia?
A) The tragedy of the commons B) The paradox of thrift C) Adverse selection D) Free-rider problem
Economics
Frieda is at her local florist to buy a dozen roses. She is willing to pay $75 for the roses, and buys them for $75. Frieda's consumer surplus from the purchase is
A) $150. B) $75. C) $37.50. D) $0.
Economics