Feasible options are options:
A) that are available and affordable.
B) that are available but not affordable.
C) that are affordable but not available.
D) that are optimal for an economic agent.
A
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The unemployment rate is usually ________ during a depression
A) below 3% B) above 20% C) between 3% to 5% D) between 5% to 10%
The prohibitive tariff is a tariff that
A) is so high that it eliminates imports. B) is so high that it causes undue harm to trade-partner economies. C) is so high that it causes undue harm to import competing sectors. D) is so low that the government prohibits its use since it would lose an important revenue source. E) is so low that it causes domestic producers to leave the industry.
Charging risk-based insurance premiums is a time-honored principle of insurance management to reduce
A) moral hazard. B) adverse selection. C) free riding. D) principal-agent problems.
A disadvantage of the proprietorship form of business organization is
A) its limited access to capital. B) its limited liability. C) that it can issue only one class of stock. D) that the owner must fight a lot of red tape to form the firm.