3/18/2020 Quiz: 59- frontier ideas in microeconomics theory
https://spscc.instructure.com/courses/1854113/quizzes/4642476/take 1/5
59- frontier ideas in microeconomics theory
Started: Mar 18 at 12:56pm
Quiz Instructions
1 ptsQuestion 1
Graduates of highly-respected universities highlight that fact on their resumes.
Magazine advertisements include the phrase “as seen on TV.”
Advertisements for universities include the phrase “fully accredited.”
All of the above are correct.
Which of the following is an example of signaling?
1 ptsQuestion 2
some parents use video cameras to monitor the nannies caring for their children.
some corporate managers were recently sent to prison for enriching themselves at the
expense of shareholders.
people in average health may be discouraged from buying health insurance by the high
price.
gifts can be interpreted as signals.
The adverse selection problem is a likely explanation for the fact that
1 pts
Question 3
3/18/2020 Quiz: 59- frontier ideas in microeconomics theory
hidden actions.
adverse selection.
principals and agents.
moral hazard.
The Latin term caveat emptor, meaning “let the buyer beware,” brings to mind the
problem of
1 ptsQuestion 4
Table 22-3
The citizens of Anytown will decide whether to build a new library, a new community
center, or a new ice rink. Exactly one of the three choices will prevail, and the choice
will be made by way of pairwise voting, with the majority determining the outcome on
each vote. The preferences of the voters are summarized in the table below.
