An indication that Insurance companies anticipate adverse selection is
a. they require a deductible
b. they do not classify clients into different risk types according to their claim history
c. they do not classify clients into different risk types according to pre-existing conditions
d. they do not require a co-payment
a
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When bad storms slow the check-clearing process, float tends to ________ causing the Fed to initiate ________ open market ________
A) decrease; defensive; sales B) decrease; dynamic; purchases C) increase; defensive; sales D) increase; dynamic; purchases
When the Fed buys a Treasury bill from the public, how does it usually pay for the T-bill?
a. by writing a check on a commercial bank account b. by printing new Federal Reserve notes c. by creating new reserves in bank accounts d. by prepaying taxes into the Treasury's account
Suppose an economy can produce a maximum of 10 units of good X and the opportunity cost of 1X is always 2Y. What is the maximum number of units of good Y the economy can produce?
What will be an ideal response?
In 2007, remittances from illegal immigrants in the United States to Mexico
A. continued to rise despite increased crackdowns on illegal immigration. B. continued to rise because of the decrease in enforcement of immigration laws. C. began to fall because of increased crackdowns on illegal immigration. D. began to fall despite a decrease in enforcement of immigration laws.