Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees
b. a temporary clerical agency requires a typing test
c. a manufacturer contracts with suppliers regardless of ISO 900 . status
d. Smokers get the worse life insurance rates as non-smokers
c
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Explain the role played by technological change in classical growth theory, neoclassical growth theory, and new growth theory
What will be an ideal response?
Explain the problems that necessitate insurance management, and three methods insurance companies use to address these problems. Identify the problem that each practice addresses
What will be an ideal response?
If there is a sole producer of a good, and he faces no threat of competition, it is likely that:
A. government intervention will have no impact on the market. B. government intervention will raise prices to consumers. C. government intervention will increase total surplus. D. government intervention will make things better for buyers and sellers.
We calculate many different kinds of price indexes:
A. to measure how different groups of people in the economy are being affected by changing prices. B. to see how the prices of different groups of goods are changing. C. in order to capture a complete picture of how price changes are affecting the economy. D. All of these statements are true.