Because a clerk was so helpful, Eliska decides she will always use Jack’s Hardware. What type of product differentiation is she being influenced by?
a. physical differences
b. prestige
c. location
d. service
d. service
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The cost of group health insurance is lower than if an individual buys a policy on his own because
A) the problem of adverse selection is reduced. B) moral hazard costs of a group tend to move to a low average. C) it is easier for the company to deny claims from a large group. D) insuring a group eliminates the problem of buyers having more information than the seller.
Approximately how many slaves were brought from Africa to the New World during the operation of the transatlantic slave trade?
a. 50,000 b. 700,000 c. 5 million d. 10 million
Deadweight loss
What will be an ideal response?
According to the Taylor rule, the Federal Reserve ________ the real interest rate as the output gap increases and ________ the real interest rate as the inflation rate increases.
A. lowers; raises B. raises; raises C. lowers; lowers D. raises; lowers