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Author Question: Which of the following is a market-based solution to the problem of adverse selection? A) ... (Read 127 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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