This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: John wants to buy a new lawn mower. He can either buy it in the US and pay 500 or buy it in Mexico ... (Read 103 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
John wants to buy a new lawn mower. He can either buy it in the US and pay 500 or buy it in Mexico and pay 8188 Mexican Pesos. At the exchange rate of 1 Mexican Peso=0.771US, ignoring any other costs, he would
 a. Prefer buying in the US
 b. Prefer buying in Mexico
 c. Be indifferent about where he buys his television
  d. None of the above

Question 2

Adverse selection is caused by
 a. Hidden actions
 b. Hidden information
  c. Both of the above
 d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
Excellent

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

St. John's Water Dog (Extinct) St. John's Water Dog (Extinct)
John Macadam John Macadam
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
John Gast, American Progress. John Gast, American Progress.
Lawn tennis racket Lawn tennis racket
Lawn Tennis Lawn Tennis
Video: Arthroscopy

For a complete list of videos, visit our video library