Dan, age 19, may have trouble buying insurance at a low price because
A) the insurance company has private information that he is a risky driver.
B) the insurance company has private information that his signals are valid.
C) insurance companies fear that he has private information that his deductible is too high.
D) insurance companies fear that he has private information that he is a risky driver.
D
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In the figure above, when the price of a disk is $B, total revenue is shown in the graph by area
A) BCF0. B) AGF0. C) FCDE. D) ADE0.
MacDougall compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the
A) classical theory. B) the Heckscher-Ohlin theory. C) the Linder hypothesis. D) All of the above.
The Malthusian model predicts that
A) population will keep increasing. B) the standard of living will keep increasing. C) health improvements increase the standard of living. D) population control improves the standard of living.
The production possibilities curve for an economy that experiences a constant opportunity cost of production is linear (a straight line)
a. True b. False Indicate whether the statement is true or false