122 if an asymmetry of information is removed and

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122. If an asymmetry of information is removed and laborers' preferences change againstemployment in a labor market, it would __________ employment and __________ the wage atthe equilibrium in the market.a.increase; raiseb.increase; lowerc.decrease; raise
d.decrease; lowerANSWER:cPOINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure,a - DISC: Markets, market failure, and externalitiesKEYWORDS:Bloom's: Comprehension123. The disagreement between A. C. Pigou and Ronald Coase arose becausec
POINTS:1DIFFICULTY:ChallengingNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure,a - DISC: Markets, market failure, and externalitiesKEYWORDS:Bloom's: Application124. The Coase theorem states thatd
POINTS:1DIFFICULTY:Moderate
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Term
Fall
Professor
FOUDY
Tags
Economics, Externalities, Market failure, Externality

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