Which of the following would be LEAST likely to contribute to a moral hazard problem among drivers?
A) Provide medical coverage to all drivers, their passengers, and any and all individuals involved in the accident, no matter who was at fault.
B) Provide medical coverage and car repair/replacement coverage to drivers, their passengers, and any and all individuals involved in the accident, no matter who was at fault.
C) Modify all cars to remove the driver's seatbelt and the steering wheel air bag.
D) Pass a law limiting the amount of damages that juries may award in accident cases.
E) Make automobile insurance mandatory for all drivers.
C
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Refer to Table 8-20. Given the following information, calculate the rate of increase in the price level from 2015 to 2016
A) 8.6% B) 7.9% C) -7.9% D) -8.6%
If a macroeconomic model consists of upward-sloping short-run aggregate supply and downward-sloping aggregate demand, can it possibly generate a constant real GDP with no business cycles over time?
A) No, only a vertical short-run aggregate supply curve can produce that result. B) No, only a horizontal short-run aggregate supply curve can produce that result. C) Yes, but the short-run aggregate supply curve must never shift. D) Yes, if the aggregate demand and short-run aggregate supply curves shift in perfect unison.
Which of the following sources of productivity is the most difficult to acquire?
A) education B) experience C) talent D) training
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.