When a person has health insurance, they often have to pay nothing or very little (called a "copay") to see a doctor. This might result in
A) their being overly healthy.
B) a principal-agent problem.
C) some moral hazard, since people might overuse the benefit.
D) an adverse selection problem.
C
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The table above shows the total product schedule for Rick's Lawn Service, a yard care company. When the 4th worker is hired, the ________ product of labor equals ________ lawns mowed
A) average; 60 B) average; 3.75 C) marginal; 3.75 D) marginal; 0 E) marginal; 15
An assumption that underline Resource-based View include
a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. Both a and b
Assume that a British investor buys a one-year U.S. Treasury bill that pays 6 percent annual interest. Given a yield of 4 percent on a comparable British Treasury bill, the U.S. dollar must depreciate 2 percent against the British pound during the year for interest rate parity to hold
a. True b. False Indicate whether the statement is true or false
The price of a new textbook increases from $105 to $130 while the price of used copies of the textbook increases from $45 to $55. Other things equal, we would expect to observe
A. the quantity demanded of the used textbook to increase while the quantity demanded of the new textbook to fall. B. the quantity demanded of the used textbook to decrease and the quantity demanded of the new textbook to increase. C. the demand for the new textbook to increase while the demand for the used textbook to decrease. D. the quantity demanded of both to fall.