You own a 2007 Ford Explorer. Although it has high mileage, you have maintained it very well
You want to sell it, but after checking the prices other owners of 2007 Ford Explorers are able to get for their cars in the used car market, you decide the prices are too low and you decide not to sell. This is an example of A) the "lemons problem."
B) moral hazard.
C) economies of scale.
D) low information costs.
A
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The Fed can increase the federal funds rate by
A) selling government securities which increases bank reserves. B) selling government securities which decreases bank reserves. C) buying government securities which increases bank reserves. D) buying government securities which decreases bank reserves.
One of the primary achievements of the Uruguay Round of GATT negotiations was the:
A. Elimination of import quotas B. Creation of a worldwide free trade zone C. Establishment of the World Trade Organization (WTO) D. Establishment of equal, nondiscriminatory treatment for all members