Health insurance companies impose deductibles on policies and co-payments on claims
A) to increase sales.
B) to reduce moral hazard problems.
C) to reduces sunk costs.
D) to increase prices.
Answer: B
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Refer to Table 2-5. Does either Estonia or Finland have an absolute advantage and if so, in what product?
A) Estonia has an absolute advantage in lumber. B) Finland has an absolute advantage in both products. C) Finland has an absolute advantage in lumber. D) Estonia has an absolute advantage in cell phones.
Which of the following would tend to raise real wages? a. An increase in the demand for labor and no change in the supply of labor
b. A decrease in the demand for labor and no change in the supply of labor. c. An increase in the demand for labor that is greater than an increase in the supply of labor. d. Either (a) or (c).
Acidic deposition arises when
a. VOCs mix with carbon dioxide in the atmosphere and fall to earth as rain or snow b. carbon monoxide and sulfur dioxide combine to form acidic deposits c. sulfur and nitrogen oxides mix with other particles and fall to earth as rain, snow, or fog d. carbon dioxide and nitrogen oxides combine and reach the earth in precipitation
Which of the following will cause a shift in the demand curve of labor?
A) an increase or decrease in the productivity of labor B) an increase or decrease in the demand for the product labor produces C) a decline in the price of a complementary input D) all of the above