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Author Question: Which of the following is a market-based solution to the problem of adverse selection? A) ... (Read 167 times)

justinmsk

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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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Answer to Question 1

B

Answer to Question 2

B





 

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