Incentives to provide resources to less qualified individuals are referred to as
a. adverse selection
b. forced saving
c. moral hazard
d. seigniorage
e. all of the above
A
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According to Figure 6.1, the period from 1974 to 1995 is particularly remarkable for the slow growth of ________
A) output per worker B) labor input C) output D) capital input
The price of services at St.Elsewhere falls by 10 percent. What happens to the quantity of services demanded at Urban General?
a. Quantity demanded rises by 35.0 percent. b. Quantity demanded falls by 3.5 percent. c. Quantity demanded falls by 1.5 percent. d. Quantity demanded rises by 5.0 percent. e. Quantity demanded stays the same.
Define an M-form organization and discuss its advantages over a U-form organization
Judy Carl has been eyeing for weeks a Prada handbag (made in Milan, Italy) in the store window at Neiman-Marcus. She is willing to pay $250 for it (a birthday gift for herself, she rationalizes) if the price ever came down to that. Well, she is in luck! It goes on sale for $200, down from $325 . She rushes in to make the purchase. She not only gets the handbag, but also a consumer surplus of
a. $125 b. $50 c. $200 d. $75 e. $375