Health insurance features that tend to reduce moral hazard include
a. deductibles.
b. coinsurance
c. copayments
d. all of the above
D
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The ________ plots the relationship between prices and the quantity that buyers are willing to purchase
A) supply curve B) isoquant C) indifference curve D) demand curve
There are two equilibria in each of the following two-player games except
A) a prisoner's dilemma game. B) a pure coordination game. C) an assurance game. D) a battle of the sexes game.
The Coffee Nook, a small cafe near campus, sells cappuccinos for $2.50 and Russian tea cakes for $1.00 each. What is the opportunity cost of buying a Russian tea cake?
A) $2.50 B) $1.00 C) 2 1/2 cappuccinos D) 2/5 of a cappuccino
That some talented people may not enter an occupation because they have heard that people with their personal characteristics do not get hired in that occupation is known as
A) economic discrimination. B) a negative feedback loop. C) a compensating difference. D) worker discrimination.