A perfectly elastic demand curve is
A. horizontal.
B. vertical.
C. upward sloping.
D. downward sloping.
A. horizontal.
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Which of the following shows the combination of two products that have the same utility or satisfaction?
A. Production possibility curve B. Insignificance curve C. Demand curve D. Indifference curve
If the marginal net utility of beer is a positive number, the consumer should buy more beer in order to maximize utility.
Answer the following statement true (T) or false (F)
An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment
Externality arises when a car causes air pollution
a. True b. False Indicate whether the statement is true or false