Which of the following is used to estimate how long it will take a nation's economy to double its size for a given growth rate?
a. The rule of 70
b. The rule of Law
c. Economies of scale
d. Diseconomies of scale
a
Economics
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The used car market has a significant amount of adverse selection because
A) the seller knows more about the car than the buyer. B) the buyer can easily find out more about the car than the seller. C) buyers and sellers rarely have enough information. D) the transaction costs of the used car market are prohibitive.
Economics
Which of the following is an example of a bank's assets?
A) reserves borrowed from the Fed B) checkable deposit C) vault cash D) savings deposits
Economics