If bad drivers can usually avoid being ticketed by the police, then insurance companies will
A) use one's driving record as a signal.
B) use one's driving record as a screening device.
C) not be able to use one's driving record as a screening device.
D) request driving records directly from the police and not from the individual applicant.
C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Economic cost is always less than accounting cost.
Answer the following statement true (T) or false (F)
In equilibrium in a mixed market:
A. the percent of low quality goods on the market equals the buyers' estimate of the percent of low-quality goods on the market. B. the percent of low quality goods on the market equals the sellers' estimate of the percent of low-quality goods on the market. C. 50% of the goods on the market are low quality and 50% are high quality. D. all low-quality goods have been driven out of the market.
What may be the complementary relationship, in terms of employment, between illegal fruit pickers and domestic-born truck drivers?
What will be an ideal response?