Author Question: Refer to Table 8-11. Nominal GDP for Tyrovia in 2016 equals A) 1,140. B) 880. C) 690. D) ... (Read 37 times)

sammy · **on:** Jun 29, 2018

Refer to Table 8-11. Nominal GDP for Tyrovia in 2016 equals

A) 1,140. B) 880. C) 690. D) 560.

Question 2

What role can the government play in correcting problems of imperfect information?

What will be an ideal response?

johnharpe · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

The government can create laws requiring that the truth about products be told. These laws can also require the disclosure of information. The government may also try to provide the information itself to its citizens.