Individuals cannot buy unemployment insurance for themselves. The most likely reason for this is

a. moral hazard.
b. imperfect information.
c. a culture of poverty.
d. the free-rider problem.


a

Economics

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A monopoly will NOT be able to perfectly price discriminate if

A) obtaining information about each buyer's reservation price is too costly. B) demand is very elastic. C) demand is very inelastic. D) resale is impossible.

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Indicate whether the statement is true or false

Economics

When economists say the quantity demanded of a product has increased, they mean the:

a. demand curve has shifted to the left. b. demand curve has shifted to the right. c. price of the product has fallen, and consequently, consumers are buying more of it. d. price of the product has risen, and consequently, consumers are buying less of it.

Economics