When someone with no health insurance buys a high deductible health insurance policy
A. the premium for the policy falls below what it would be without the deductible.
B. insurance for a large loss is present but small losses are not insured.
C. the moral hazard problem is reduced.
D. All of these are true.
Answer: D
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The Fed does not tightly control the monetary base because it does NOT completely control
A) open market purchases. B) open market sales. C) borrowed reserves. D) the discount rate.
A college requesting applicants to submit their high school transcripts is an example of:
A. signaling. B. screening. C. statistical discrimination. D. building a reputation.
Factors increasing the U.S. labor supply and thereby contributing to the slowdown in real-wage growth that began in the 1970s include ________ and ________.
A. technological progress; diminishing returns to labor B. skill-biased technological change; globalization C. increased labor force participation by women; the coming-of-age of the baby-boom generation D. increasing wage inequality; globalization
In 1979, Fed chair Paul Volcker decided to pursue a policy
a. that would lead to disinflation. b. that would create falling prices. c. to accommodate continuing adverse supply shocks. d. that maintained money growth at its current level.