By requiring that policyholders pay a deductible on a claim, insurers guard against
a. symmetrical information
b. adverse selection
c. natural selection
d. moral hazard
e. the winner's curse
D
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Which of the following events would cause an upward movement along the demand curve for olives? a. The number of people who purchase olives decreases
b. Consumer income decreases, and olives are a normal good. c. The price of pickles decreases, and pickles are a substitute for olives. d. The price of olives rises.
Members of the Board of Governors of the Fed are
a. elected to two-year terms by the Electoral College. b. appointed by the president for four-year terms and confirmed by the Congress. c. appointed by the president for 14-year terms and confirmed by the Senate. d. appointed by the president for 14-year terms and confirmed by the Supreme Court.
Briefly describe the economic conditions that contributed to the severe recession of 2007–2009.
What will be an ideal response?
Explain how fiscal policy can correct a contractionary ga
What will be an ideal response?