Adverse selection is caused by
a. Hidden actions
b. Hidden information
c. Both of the above
d. None of the above
b
Economics
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Total efficiency units of labor in an economy increases if ________
A) the average number of hours worked by each worker decreases B) each worker becomes more productive C) each worker earns a lower wage D) the amount of capital available to each worker diminishes
Economics
What percentage of their spending do U.S. consumers allocate to food purchases?
A. 1 percent. B. 8 percent. C. 13 percent. D. 15 percent.
Economics