If the company can correctly anticipate the adverse selection, what premiums would it charge??

Give at least three examples from economics where each of the following type of data can be used: cross-sectional data, time series data, and panel data

What will be an ideal response?

When compared to a sole proprietorship, a disadvantage of the partnership form of business organization is that there

a. is reduced access to capital resources b. is limited liability c. is shared liability with each partner for all the firm's debts d. can only be two partners e. are fewer opportunities to expand output

Economists generally agree that price controls in the U.S. would

A. diminish the motivation to invent new drugs. B. increase prices to consumers. C. diminish the motivation to invent new drugs and diminish profits to drug companies. D. diminish profits to drug companies.

Differentiate between principal and time value of money. John invests $100 in a bank for a year. At the end of the year he receives $125. What is the principal and time value of money in this case?

What will be an ideal response?