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Author Question: What is adverse selection? What will be an ideal response?[br][br][b][color=#566D7E]Question ... (Read 61 times)

kshipps

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on: Jul 1, 2018
What is adverse selection?
 
  What will be an ideal response?

Question 2

The U.S. can produce pizza for 7.50 each and barrels of beer for 37.50 each, and Germany can produce pizza for 5 each and barrels of beer for 15 each ( is the symbol for the euro, the currency Germany uses). If the exchange rate is 1.
 
  50 / then A) the U.S. has a comparative advantage in the production of beer.
  B) neither country has a comparative advantage in the production of beer.
  C) the U.S. has a comparative advantage in the production of pizza.
  D) the U.S. has a comparative advantage in the production of beer and pizza.


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zenzy

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A situation in which the risk associated with the existence of asymmetric information causes one party not to enter into a contractual relationship with another party.

Answer to Question 2

C


kshipps

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Reply 2 on: Jul 1, 2018
Excellent

cici

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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