A service like CARFAX, which provides a used car buyer with the complete history of a used car, is profitable because of the problem of moral hazard
a. True
b. False
B
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Which of the following increases the demand for U.S. union labor?
A) an increase in the minimum wage B) an increase in the demand for imported goods C) new laws that ease immigration restrictions D) All of the above cause an increase in the demand for union labor.
U.S. net export spending falls when
A) the inflation rate is lower in the United States relative to other countries. B) the growth rate of U.S. GDP is faster than the growth rate of GDP in other countries. C) the value of the U.S. dollar decreases relative to other currencies. D) the price level in the United States falls relative to the price level in other countries.
Candidate A says, "Health care is too expensive in the United States. We need to do something-and quickly-to develop a better, more responsive, less expensive health care system." Candidate B, who is running against candidate A in a two-person race, says, "Health care is too expensive in the United States. We need to do something about it and quickly. I suggest that we have the federal government
develop a centralized system for delivering health care in this country." If you know nothing else about the two candidates, it follows that A) candidate A has taken polls and candidate B has not. B) candidate B has taken polls and candidate A has not. C) candidate B is smarter than candidate A. D) candidate B has a higher probability of winning the election than candidate A. E) candidate A has a higher probability of winning the election than candidate B.
A bond that pays a yearly interest rate of $100 is for sale. The interest rate was 10 percent and now is 5 percent. The price of the bond has
A. increased from $1000 to $2000. B. decreased from $1000 to $500. C. decreased from $2000 to $1000. D. increased from $500 to $2000.