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Author Question: Which of the following is a market-based solution to the problem of adverse selection? A) ... (Read 168 times)

justinmsk

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on: Jun 29, 2018
Which of the following is a market-based solution to the problem of adverse selection?
 
  A) Taxation
  B) Signaling
  C) Sniping
  D) Subsidization

Question 2

Homer changes jobs and his new job pays him a higher income. Before he changed jobs, Homer purchased 3 pounds of tuna and 2 pounds of chicken. After he changed jobs, Homer now purchases 2 pounds of tuna and 3 pounds of chicken. For Homer
 
  A) tuna is a normal good and chicken is an inferior good.
  B) tuna is an inferior good and chicken is a normal good.
  C) both tuna and chicken are normal goods.
  D) both tuna and chicken are inferior goods.


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gabrielle_lawrence

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


justinmsk

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Reply #2 on: Jun 29, 2018
Correct answers!


gabrielle_lawrence

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

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In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

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Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

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Cyanide works by making the human body unable to use oxygen.

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