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Author Question: Holding other things constant, if the US dollar appreciates, it makes the US exports a. Less ... (Read 157 times)

nelaaney

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on: Jul 1, 2018
Holding other things constant, if the US dollar appreciates, it makes the US exports
 a. Less attractive to foreigners
 b. More attractive to foreigners
 c. Neither more nor less attractive to foreigners
  d. None of the above

Question 2

Contracting for Lawn Mowing Services An apartment owner advertises for lawn mowing services for a number of apartments he owns. He has some idea of the going price and so he advertises that he will pay 100 per month per apartment complex. So why is he disappointed that the winning contractor only provides minimal services?


Liamb2179

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

a

Answer to Question 2

He has fallen victim to adverse selection. The scope of services offered by lawn service companies differs from the most basic to elaborate manicuring. Because he stated a price he is willing to pay, the only offers he receives are the lower cost, more basic services.


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