The average person spends _________ of waking hours in some form of communication
a. 10
b. 20
c. 70
d. 90
C
Economics
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The basic idea behind moral hazard is that ________
A) some economic transactions impose an additional cost on society B) some economic transactions give rise to an additional benefit to society C) people tend to take more risks if they do not have to bear the costs of their behavior D) people do not reveal their true preference for goods that are non-excludable in consumption
Economics
Which of the following is an example of a financial intermediary?
A. Banks. B. The U.S. Treasury. C. The S&P 500. D. The department of finance.
Economics
Refer to the above diagram. A price of $60 in this market will result in:
A. a shortage of 50 units. B. a surplus of 50 units. C. equilibrium. D. a surplus of 100 units.
Economics
Calculate the APS.
Economics