The unavailability of low-cost insurance contracts decreases the risks of liability for a traffic accident and increases the number of accidents
Indicate whether the statement is true or false
F
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Loans by the Federal Reserve to banks are known as
A) repurchase agreements. B) Federal funds. C) discount loans. D) cash items in the process of collection.
Externalities can only involve the imposition of harm on a party not directly involved in an economic transaction.
Answer the following statement true (T) or false (F)
In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances, what were the economic incentives for producers?
a. to produce good quality products so that society would benefit from the resources used b. to conserve on costs, so as to maintain efficiency in the economy c. to produce enough to meet the output target, without regard for quality or cost d. to produce those products that society desires most
Voluntary programs, direct controls, and emissions taxes are all equally effective ways of controlling pollution.
Answer the following statement true (T) or false (F)