In the 1973 movie Save the Tiger, Jack Lemmon plays Harry Stoner, the CEO of a clothing manufacturer whose business has fallen on hard times
In one of the key scenes of the movie, Stoner tries to convince his partner that they should hire someone to burn one of their buildings in order to collect on their insurance policy. Harry Stoner's actions are an example of
A) asymmetric information. B) adverse selection.
C) moral hazard. D) self-interest.
C
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The length of time people spend in search of a job increases if
A) there is a sudden change in technology. B) the population ages. C) the criteria necessary to qualify for unemployment benefits increases. D) unemployment benefits increase. E) the minimum wage is decreased.
"The amount of new stocks and bonds issued in a year adds to the country's GDP." Is this assertion correct or incorrect? Explain your answer
What will be an ideal response?
What is voluntary exchange?
What will be an ideal response?
What phrase best describes medical care spending in the United States in 1998?
a. Total spending of more than $2 trillion represents 17 percent of GDP and approximately $8,000 per capita. b. Total spending of more than $1 trillion represents 14.8 percent of GDP and almost $6,000 per capita. c. Total spending of less than $1 trillion represents less than 13 percent of GDP and almost $3,000 per capita. d. Total spending is rising at double-digit rates and spending is soaring to over $5,000 per capita. e. Total spending is under control and represents a shrinking percentage of GDP.