The NFL Ticket Exchange is an attempt by the NFL
A. to extend its monopoly in the primary ticket market to the secondary market.
B. to capture profits made in the secondary market.
C. to appear to charge lower ticket prices while effectively charging higher prices.
D. all of these.
Answer: D
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The money supply that consists of currency, transaction deposits, and traveler's checks is
A) the fiduciary monetary system. B) M1. C) M2. D) the liquidity approach.
While the slope of the perfectly inelastic supply curve ________, the slope of the perfectly elastic supply curve ________
A) is zero, approaches infinity B) approaches infinity, is zero C) is zero, is zero D) approaches infinity, approaches infinity
Which of the following is part of an economic model?
A) norms B) hypotheses C) opinions D) preferences of economic agents
A provision of the Affordable Care Act states that private insurance companies cannot deny coverage to anyone because of a preexisting medical condition
By offering health insurance to people with preexisting medical conditions, this provision eliminates ________ for both the insurance company and the policy holder, and eliminates ________ for the insurance company. A) moral hazard; asymmetric information B) asymmetric information; adverse selection C) asymmetric information; moral hazard D) adverse selection; moral hazard