The idea that some people engage in risky behavior due to the fact that they have good health care is known as
A. risk aversion.
B. risk-taking behavior.
C. moral hazard.
D. zero-sum game.
Answer: C
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The long-term pattern of American foreign trade policy from 1789 to 1914 was
(a) protectionist at first, becoming more liberal before 1861, then more protectionist again. (b) liberal at first, becoming more protectionist before 1861, then shifting to greater liberalism as the country's industrialization spread in the later 19th century. (c) free trade after the Civil War, but very protectionist in general before 1861. (d) none of the above.
The point where the PPF intersects the vertical axis is
A) unattainable. B) attainable and productive efficient. C) attainable but productive inefficient. D) attainable and neither productive efficient nor productive inefficient.
A depreciation of a nation's currency is
A. the increase in the exchange value of one nation's currency in terms of an other nation. B. the decrease in the exchange value of one nation's currency in terms of another nation. C. a situation in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand. D. a nation in which households, firms, and governments buy and sell national currencies.
If a prejudiced white employer behaves as if there is a disutility from hiring an African-American worker, then this disutility is measured by the:
A. Employment coefficient B. Discrimination coefficient C. Occupational coefficient D. Affirmative action coefficient