The GDP deflator is 100 times the ratio of ________
A) GDP to GNP B) GNP to GDP
C) real GDP to nominal GDP D) nominal GDP to real GDP
D
Economics
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How do online auction sites like Ebay attempt to overcome the asymmetric information problems associated with goods that the buyer cannot personally inspect before purchase?
A) The online auction firm only allows high-quality merchandise to be sold at their site. B) The previous performance (reputations) of the buyer and seller are posted for public review. C) Buyers can take receipt of any goods before they have to pay the seller. D) all of the above
Economics
The Federal Trade Commission is charged with protecting consumers from false and misleading advertising
a. True b. False Indicate whether the statement is true or false
Economics