Insurance:
A. reduces the risks inherent in life.
B. helps individuals avoid certain types of risk.
C. increases a person’s expected wealth.
D. None of these statements is true.
D. None of these statements is true.
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When the Fed sells government securities to a bank, how are the Fed's assets affected?
A) The amount of the Fed's government securities decreases. B) The amount of the Fed's government securities increases. C) The amount of reserves held at the Fed increases. D) The amount of reserves held at the Fed decreases.
Do you think that information technologies will someday eliminate asymmetric information problems?
What will be an ideal response?
Which would be considered a macroeconomic study? A study of the effect of:
A. a new tax on the profits of a business. B. changing government spending to increase employment. C. lower interest rates on a firm's investment. D. a decrease in the price of automobiles on automobile sales.
Recall the Application about the value of trees in residential neighborhoods to answer the following question(s).Recall the Application. Based on estimates of the value mature trees add to the value of an owner's house and the greater value that is added to neighboring houses, the equilibrium number of mature trees in residential neighborhoods is most likely:
A. greater than the socially efficient number. B. less than the socially efficient number. C. equal to the socially efficient number. D. infinite.