Individuals who fully insure their house and belongings against fire
A) have wasted their money if a fire does not occur.
B) generally do so in order that their after-fire wealth can be equal to their before-fire wealth.
C) generally do so in order that their after-fire wealth can be higher than their before-fire wealth.
D) generally do so in order to guarantee that the worst outcome, a fire with no insurance, does not occur.
E) can never come out as well financially after a fire as they were before it.
D
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The success of Walt Disney's animated film The Lion King in 1994 increased production of animated films, increasing the demand for animators much faster than the supply of animators was increasing
As a result, in the market for animators, the equilibrium wage fell and the equilibrium quantity increased. Indicate whether the statement is true or false
A financial market in which previously issued securities can be resold is called a ________ market
A) primary B) secondary C) tertiary D) used securities
The original Federal Reserve Act
A) specified open market operations as the Fed's main policy tool. B) specified open market operations as one of several Fed policy tools. C) specified that open market operations be employed by the Fed only in circumstances where discount loans were ineffective. D) did not specifically mention open market operations.
Which of the following will not shift the aggregate demand cure to the left?
a. Consumers become more optimistic about the future. b. Government spending decreases. c. Business optimism decreases. d. Consumers become pessimistic about the future.