Which of the following is likely to arise in a market with asymmetric information?
A) Moral hazard
B) A pecuniary externality
C) A positive externality
D) A prisoners' dilemma
A
Economics
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If someone buries money in a tin can beneath a tree, the money is functioning as a
A) medium of exchange. B) unit of account. C) means of payment. D) store of value. E) bartering tool.
Economics
What is true about dominant strategies in the game in Scenario 13.11?
A) R1 and C1 are dominant strategies. B) R1 and C2 are dominant strategies. C) R2 and C1 are dominant strategies. D) R2 and C2 are dominant strategies. E) There are no dominant strategies.
Economics