The demand for goods and services is called ____ demand, while the demand for resources is called ____ demand.
A. derived; derived
B. final; final
C. final; derived
D. derive; final
C. final; derived
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A consumption tax system is likely to benefit
A) higher income individuals. B) an individual who, regardless of income, is a large consumer. C) corporations. D) lower income individuals.
Buying insurance can create a moral hazard
Indicate whether the statement is true or false
Externalities can be either detrimental or beneficial to others.
Answer the following statement true (T) or false (F)
Raising the deductibles and copayments are a way of dealing with the:
A. Adverse selection problem of health insurance B. Moral hazard problem of health insurance C. Asymmetric information between doctors and patients D. Externalities of health care