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Author Question: If a good is scarce A) some criteria must be established to determine who gets what. B) its ... (Read 48 times)

P68T

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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


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mfedorka

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

A

Answer to Question 2

C


P68T

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kswal303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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