If an employment situation is characterized by adverse selection, ...

[kodithompson]

If an employment situation is characterized by adverse selection, there is an excess supply of underqualified applicants for each job.
 a. True
  b. False

Question 2

Suppose Thelma and Louise both sell fried green tomatoes in a perfectly competitive market. If Louise increases her output,
 a. Thelma must reduce output
  b. the price Thelma can charge falls
  c. the price Thelma can charge rises
  d. the price Thelma can charge is unaffected
  e. Thelma's profits must fall

[stano32]

Answer to Question 1

A

Answer to Question 2

D