When a party to a transaction lacks relevant information:
A. they always make the deal blindly.
B. they will not make the deal without complete information.
C. they sometimes seek out information in ways that are not obvious.
D. other parties will voluntarily share this information truthfully.
Answer: C
Economics
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Most of world trade is in the form of manufactured consumer goods such as TVs, stereos, VCRs, and running shoes
Indicate whether the statement is true or false
Economics
If output is falling, a procyclical fiscal policy will result in:
A. lower taxes and/or decreased government spending. B. higher taxes and/or decreased government spending. C. higher taxes and/or increased government spending. D. lower taxes and/or increased government spending.
Economics