Health insurance is subject to
a. Both asymmetric information problems and moral hazard problems
b. Neither asymmetric information problems nor moral hazard problems
c. Asymmetric information problems but not moral hazard problems
d. moral hazard problems but not asymmetric information problems
a
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Since 2001, the U.S. government budget deficit
A) has been approximately equal to 10% of U.S. GDP. B) as a percentage of U.S. GDP has increased steadily each year. C) as a percentage of U.S. GDP has decreased steadily each year. D) none of the above.
What is unique about Chinese industrial revolution?
a. It is led by foreign workers b. It is led by international investment c. It is led by rural people through rural industrialization d. It is led by reform leaders. e. none of the above
Which of the following will cause an increase in unemployment and inflation at the same time?
A. A leftward shift of aggregate demand. B. A rightward shift of aggregate supply. C. A leftward shift of aggregate supply. D. A rightward shift of aggregate demand.
The two main characteristics of a public good are
A. nonrivalry and large negative externalities. B. nonrivalry and nonexcludability. C. nonexcludability and production at rising marginal cost. D. production at constant marginal cost and rising demand.