Buyers of insurance can have advantages over sellers of insurance
Indicate whether the statement is true or false
T Buyers of insurance usually know more about their health, driving habits, or other influences on adverse outcomes that insurance protects against.
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
The deadweight loss of taxation on a good is higher if ________
A) the demand or the supply of the good is relatively price elastic B) a progressive tax system is practiced C) a low rate of tax is imposed on the sale of the good D) there is only one seller in the market
An increase in the amount of capital per worker always increases the value of output
a. True b. False Indicate whether the statement is true or false
When the economy is operating below full-employment capacity, a recessionary gap is said to exist
Indicate whether the statement is true or false