Adverse selection occurs when those ________ likely to get ________ insurance payoffs are the ones who want to purchase insurance the most
A) least; large
B) least; small
C) most; large
D) most; small
C
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Suppose the total benefit of watching 1 baseball game is 100, the total benefit of watching 2 games is 120, and the total benefit of watching 3 games is 125. In this case, the marginal benefit of watching the 3rd game is:
A. 125 B. 375 C. 5 D. 41.67
In response to a positive technology shock, which prediction of the sticky price model is difficult to reconcile with the data?
A) Output increases. B) Employment decreases. C) The price level decreases. D) Money is procyclical.
The value of a country's imports cannot exceed the value of its exports
a. True b. False
If the demand-side effects of supply-side tax cuts are greater than the supply-side effects, then we can expect the result to be a(n)
a. decrease in output and prices. b. decrease in output and an increase in prices. c. increase in output and prices. d. increase in output and a decrease in prices.