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

Author Question: If a good is scarce A) some criteria must be established to determine who gets what. B) its ... (Read 45 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jun 29, 2018
If a good is scarce
 
  A) some criteria must be established to determine who gets what.
  B) its price is above the market-clearing level.
  C) its price is below the market-clearing level.
  D) the quantity demanded is greater than the quantity supplied.
  E) the supply is less than the demand.

Question 2

________ occurs when one agent in a transaction knows about a hidden characteristic of a good.
 
  A) The free-rider problem
  B) The tragedy of the commons
  C) Adverse selection
  D) Moral hazard


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mfedorka

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


P68T

  • Member
  • Posts: 509
Reply 2 on: Jun 29, 2018
Gracias!

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Prisoners from the front (1866) established Winslow Homer's reputation for spare truthfulness. Prisoners from the front (1866) established Winslow Homer's reputation for spare truthfulness.
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
DSM-5 Criteria for Substance Use Disorder DSM-5 Criteria for Substance Use Disorder
How to use the discriminant to determine the value of k in a quadratic with no real roots How to use the discriminant to determine the value of k in a quadratic with no real roots
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Algebraically determine the x intercept of the exponential function Algebraically determine the x intercept of the exponential function
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library