After trading in her Volkswagen Beetle for a much safer Mercedes sedan, Rene began driving less carefully. This is an example of:
a. adverse selection
b. free-riding.
c. moral hazard.
d. Positive externalities.
c
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During the demographic transition the population growth rate
a. slows down b. rises c. rises and then slows down d. increases in spurts followed by long periods of stagnancy e. none of the above
The main proponent of the conservative view on poverty is
A. William Julius Wilson. B. Barbara Ehrenreich. C. Charles Murray. D. Nicholas Lemann.
Refer to the information provided in Table 23.10 below to answer the question(s) that follow. Table 23.10
Refer to Table 23.10. Which of the following statements is false?
A. If aggregate output equals $2,000 million, then aggregate saving equals $700 million. B. At an output level of $3,600 million, there is a $200 million unplanned inventory increase. C. At an output level $2,000, there is a $200 million unplanned inventory decrease. D. The MPC for this economy is 0.75.
A classical economy is described by the equationsAD: Y = 1000 + 100M/PAS: 
= 1500The real exchange rate is 3 bushels/bottle, the domestic nominal money supply is 30 florins, and the foreign price level is 8 crowns/bushel.(a)What is the nominal exchange rate?(b)If the government wants to maintain an official nominal exchange rate of 6 crowns/florin, what must the nominal money supply be?
What will be an ideal response?