People tend to "dress up" for job interviews, even though their clothes do not make them more productive in their positions. This situation is an example of
a. signaling.
b. adverse selection.
c. the principal-agent problem.
d. moral hazard.
a. signaling.
Economics
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Economic freedom by its nature suggests
A) minimal government interference. B) a lack of laws and regulations. C) economic anarchy. D) zero government.
Economics
The reason to regulate utilities instead of using antitrust laws to promote competition is that a utility is usually a
a. profit-maximizing monopoly. b. producer of externalities. c. revenue-maximizing monopoly. d. natural monopoly.
Economics