When a seller knows more about the condition of a used car than ...

[fahad]

When a seller knows more about the condition of a used car than the buyer does, the information is said to be asymmetric.
 a. True
  b. False

Question 2

Which of the following is true about GNP?
 a. includes profits earned by a Mercedes factory in Alabama
  b. excludes profits earned by General Electric in India
  c. measures the market value of all goods and services produced by resources supplied the home country's residents and firms, regardless of the location of the resource
  d. stands for Generally Nice Products
  e. used by countries to classify the World Bank

[meganlapinski]

Answer to Question 1

A

Answer to Question 2

C

[fahad]

Thanks for the timely response, appreciate it

[xiazhe]

Gracias!