Which of the following statements is CORRECT?
A) Because information is different from typical goods and services, it cannot be provided in a market.
B) The marginal benefit from more information does not decrease.
C) Too little information is provided if the market for information is a monopoly.
D) Acquiring more information can never be inefficient.
C
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Which of the following statements is correct? I. The Fed can periodically and without warning examine member commercial banks to ensure that they are conforming to current banking standards. II The Fed helps the government collect certain tax revenues and aids in the purchase and sale of government securities.
A) I only B) II only C) Both I and II D) Neither I nor II
Economic incentives can come from
A. taxes. B. markets. C. government programs. D. all of the options are correct.