The insurance industry is susceptible to adverse selection problems, but not problems of moral hazard.
Answer the following statement true (T) or false (F)
False
Economics
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According to the text, minimum-wage laws cause increases in
A) productivity. B) employment possibilities. C) poverty. D) structural unemployment.
Economics
A decrease in the amount of human capital acquired by workers will lead to decrease in the supply of labor
Indicate whether the statement is true or false
Economics
When a person responds to a neutral stimulus ________ is being used.
a. classical conditioning b. operant conditioning c. extrinsic reinforcer d. intrinsic reinforcer
Economics
If the natural rate of unemployment equals 5 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:
A. 1.2 percent. B. 11 percent. C. 1 percent. D. -1 percent.
Economics