An example of moral hazard is
a. people drive less carefully in icy conditions with antilock brakes as without
b. people drive as safely with more airbags as without
c. football players avoid 'spearing' with their heads even with safer helmets
d. people read the medicine warnings as carefully when self-medicating versus with a doctor's prescription
a
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The transfer payment that seems to be the lightning rod for media attention and political controversy is
a. agriculture b. natural resource conservation c. higher education d. public assistance e. space exploration
If a central bank increases the money supply growth rate, then in the short run
a. unemployment rises. In the long run the short-run Phillips curve shifts right. b. unemployment rises. In the long run the short-run Phillips curve shifts left. c. unemployment falls. In the long run the short-run Phillips curve shifts right. d. unemployment falls. In the long run the short-run Phillips curve shifts left.
What is the main cause of the uneven distribution of economic growth seen around the world?
Please provide the best answer for the statement.
If prices are rising on average, then
A) real GDP will always be equal to nominal GDP. B) real GDP will be greater than nominal GDP in the years after the base year. C) real GDP will be less than nominal GDP in the years before the base year. D) real GDP will be greater than nominal GDP in the years before the base year.