Could either party do better?
a. Yes, both parties can do better without hurting each other if they cooperated
b. Yes, one party can do better, but only at the expense of the other
c. No, neither party can do better
d. No, each party has its best possible outcome
b
You might also like to view...
From the table above, which gives data about the U.S. labor market in 1933, the labor force participation rate is
A) 12 percent. B) 48 percent. C) 60 percent. D) 95 percent. E) 65 percent.
To try to help farmers, governments I. set production quotas. II. set price ceilings
A) I and II B) only II C) only I D) neither I nor II
If the labor supply is unchanged, an increase in the demand for labor will
A) increase the equilibrium wage and increase the quantity of jobs demanded. B) increase the equilibrium wage and decrease the number of workers employed. C) decrease the equilibrium wage and increase the number of workers employed. D) increase the equilibrium wage and increase the number of workers employed.
Sarah's demand for routine medical visits is q = 10 - 0.2p when she is healthy and q = 20 - 0.2p when she is sick. Medical visits cost $50 each if Sarah has no medical insurance. She is sick 20% of the time
Sarah is considering two different insurance plans. One offers free medical visits; the other plan costs less up front but requires that Sarah pay $5 per medical visit. Compare the two plans in terms of the trade-off between risk and moral hazard.