John started going for soccer matches after moving in with a roommate who is a huge fan of soccer. This is an example of a(n) ________
A) moral hazard
B) adverse selection
C) peer effect
D) pecuniary externality
C
You might also like to view...
The marginal revenue curve for a single-price monopoly
A) is horizontal. B) is upward sloping. C) lies above the market demand curve. D) lies below the market demand curve.
Suppose candidate A is conservative and candidate B is liberal and both are currently positioned away from the "middle ground" toward their respective ends of the political spectrum. We would expect that as the campaign draws closer to election day,
A) candidate A will move to the right (more conservative) and candidate B will move to the left (more liberal). B) both candidates A and B will move to the other's position in an attempt to capture the other's supporters. C) candidate A will move closer to the middle, and candidate B will stay where he or she is because he or she realizes that Americans are basically liberal. D) candidate B will move closer to the middle, and candidate A will stay where he or she is because he or she realizes that Americans are basically conservative. E) both candidates will move toward the middle.
Inflation is
A. generally steady from year to year. B. generally beneficial to countries. C. one of the key measures in the GDP. D. one of the key measures of the health of an economy.
Approximately how long would it take for real GDP to double if it grew at a constant annual rate of 2 percent?
A. Approximately 2 years. B. Approximately 36 years. C. Approximately 72 years. D. Approximately 20 years.