An uninformed party can use ________ to learn about the information held by the informed party

A large aircraft manufacturer, like Boeing, may have a cost advantage over a new smaller manufacturer because of:

a. diseconomies of scale. b. economies of scale. c. diminishing returns to a fixed factor of production. d. the principal agent problem is generally less severe for larger firms.

When money works as a common denominator into which the values of all goods and services are expressed, it is which function of money?

(a) Medium of Exchange. (b) Unit of Account. (c) Store of Value (d) Standard of Deferred Payment.