Which of the following are examples of tools used to reduce adverse selection?
A. dealer warranties
B. lemon laws
C. universal health coverage
D. all of the above
Answer: D
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If the demand for a product decreases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase
Indicate whether the statement is true or false
Low-income countries are largely responsible for excess carbon dioxide emissions globally
Indicate whether the statement is true or false
Which of the following is an exogenous variable in the Three-Sector-Model?
a. Industry risk b. Country risk c. Real risk-free interest rate d. Credit risk e. All of the above are exogenous variables.
Opportunity cost is
A) the intrinsic value of an economic good. B) the total value of all the alternatives given up when a choice is made. C) the value of the opportunity selected when a need is satisfied. D) the value of the next highest ranked alternative that must be sacrificed to obtain a want.