Adverse selection is more likely when
a. a job requires specific training
b. a job requires intangible or unmeasurable abilities
c. the wage offered is above the average of all wages in the market
d. the wage is based on true marginal revenue products
e. performance can be monitored closely
B
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Of the items in the following lists, which go from most liquid to least liquid?
A) a house, a six-month certificate of deposit, shares of stock, a checking account B) a checking account, a certificate of deposit, shares of stock, a house C) a checking account, a house, a six-month certificate of deposit, shares of stock D) a six-month certificate of deposit, shares of stock, a house, a checking account
If Nepal is a net importer of computers, free trade will hurt the
A. domestic consumers of computers. B. rich citizens of Nepal. C. poor citizens of Nepal. D. domestic producers of computers.