Many economists believe that stabilization policy should be limited in scope until
A. Keynesians and monetarists agree on policy.
B. inflation is brought under control.
C. the economy is operating near capacity.
D. forecasting becomes more reliable.
Answer: D
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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
An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they do not classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they require a co-payment
Intermediation in the financial system is the process of:
A. bringing together buyers and sellers in a market. B. negotiating terms of repayment when agreements between buyers and sellers are in default. C. government intervention in a financial market. D. an arbitrator working with government and private firms to create an efficient financial system.
Discuss the criticisms leveled against the Aid to Families with Dependent Children program