The use of deductibles and coinsurance are examples of attempts by insurance companies to deal with the problem of
A) moral hazard.
B) adverse selection.
C) failure of policyholders to keep paying their premiums.
D) excessive government regulation.
A
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Which of the following would not give workers some degree of monopoly power?
a) learning by doing b) labor unions c) highly specialized human capital d) high rates of short term unemployment e) high costs of job turnover and training incurred by employers
Devoting more of a country’s resources for producing consumer goods means
A. economy is using its resources for future production. B. fewer resources to producing investment goods. C. country will grow more rapidly in the future. D. productivity of the invested capital is extremely high.
The slope of the short-run aggregate supply curve depends on how sharply _____
Fill in the blank(s) with the appropriate word(s).
Suppose that on average there are three more car accidents for every extra inch of snowfall in a certain region. If snowfall is graphed on the y axis and car accidents on the x axis, then if we graph this relationship, the slope of the line will be
A) 9. B) 3. C) 1/3. D) 1.