Copayments and deductibles in insurance policies increase moral hazard.
Answer the following statement true (T) or false (F)
False
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Do all valuable items have price tags?
A. No, because some valuable items have no opportunity cost. B. Yes, because everything has its price. C. Yes, because price is the measure of opportunity cost. D. No, some have no explicit price on them. E. Yes, because only items that can be sold in markets have value.
________ in the domestic interest rate causes the demand for domestic assets to shift to the left and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
Suppose that the marginal propensity to consume? (MPC) is .8 and there is an increase in investment spending of? $100,000. As a? result, equilibrium real Gross Domestic Product? (GDP) would increase by
A. ?$800,000. B. ?$100,000. C. ?$500,000. D. ?$20,000.
With this utility function, the bundle (3,2) provides the same utility as the bundle:
a. (2, 3). b. (2, 4). c. (2, 5). d. (3, 3).