John has been trying to find a job for the past six months. He went for an interview at Aqua Inc Although his performance was better than that of all the other candidates, the interview board rejected him thinking that they must be missing out on
something about him that other employers have noticed and hence, have not hired him. A(n) ________ has occurred in this case. A) positive externality
B) negative externality
C) moral hazard
D) information cascade
D
Economics
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Which of the following equations correctly measures GDP in an economy?
A) GDP = C + I + G + NX B) GDP = C + I + G + X C) GDP = C + net I + G + NX D) GDP = C + G + I - taxes
Economics
An editorial in the paper argues that a person only should be allowed to attend school if the marginal cost of educating that person is less than the marginal benefit of educating that person. The writer's reasoning is an application of:
A. positive economics. B. normative economics. C. negative economics. D. economic naturalism.
Economics