Economic theory would be much less successful than it is in predicting the consequences of particular actions if
What will be an ideal response?
almost everyone in the society makes no choices but instead "let things happen".
Economics
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A person buying a used car could ask the seller for permission to take the car to a mechanic for an inspection. If the seller says no, the prospective buyer has gained information about the car. This process is known as:
A. screening. B. internalizing the externality. C. licensing. D. signaling.
Economics
What is the random walk theory?
What will be an ideal response?
Economics