If the demand for labor ________, real wages fall and the amount of labor employed ________

A) increases; increases B) increases; decreases
C) decreases; increases D) decreases; decreases

D

Economics

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Information can be thought of as a

A) non-economic piece of data. B) violation of the invisible hand idea that the pursuit of self-interest promotes social interest. C) good whose marginal benefit is infinite. D) good whose marginal benefit decreases as more information is acquired.

Economics

How does the use of collateral and net worth help reduce the problem of adverse selection?

What will be an ideal response?

Economics