80% of the total number of people in Genovia with health insurance are above 40 years of age. Which of the following economic concepts helps in explaining this fact?
A) The concept of negative externalities
B) The concept of adverse selection
C) The concept of free riding
D) The concept of positive externalities
B
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Among the very rich, the main source of income is most likely their wages
Indicate whether the statement is true or false
You have a mortgage that has a nominal interest rate of 7%. The inflation rate is 3.5%. Your real interest rate is ________.
What will be an ideal response?
Theories or models of economic behavior are used to
a. explain very precise details about the economy b. predict economic events and develop economic policy c. predict consumer behavior but not market behavior d. all of the above
Contractionary fiscal policy would tend to make a budget deficit become:
A. Bigger B. Smaller C. A trade deficit D. A trade surplus