Joseph decides to join the Big State University's football team when he learns that his health insurance will pay for any subsequent injury. This illustrates
A) a moral hazard problem.
B) monopolistic behavior.
C) a symmetric information problem.
D) oligopolistic behavior.
Answer: A
You might also like to view...
Every day, ________ changes to make the quantity of money demanded equal the quantity of money supplied
A) real GDP B) the money supply C) the inflation rate D) the nominal interest rate E) the price level
If the wage rate increases, there will be a
A. Movement up the labor supply curve to the right. B. Leftward shift of the labor supply curve. C. Movement down the labor supply curve to the left. D. Rightward shift of the labor supply curve.
According to the ________ definition of organizations, an organization is seen as a means by which capital and labor are transformed by the organization into outputs to the environment.
A) microeconomic B) macroeconomic C) sociotechnical D) behavioral E) psychological
As percentage of imports, the largest product category of U.S. imports from China is
A) chemicals, minerals, and metals. B) machinery and transportation equipment. C) textiles, apparel, and footwear. D) electronic products.