Unemployment insurance is often criticized because workers can extend the amount of time they are unemployed and thus increase the cost of the program. This phenomenon is best described as
a. rent-seeking behavior.
b. moral hazard.
c. free riding.
b
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Suppose the figure below shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist. 
The profit-maximizing price for this monopolist to charge is:
A. A. B. C. C. B. D. E.
In medieval Europe, small farmers held their land in several scattered plots, even though this created obvious inefficiencies. Which of the following is an economic explanation of such behavior? a. Medieval farmers did not use rational decision making. b. Medieval farmers were not as clever as their modern counterparts. c. Medieval farmers were attempting to reduce their risk. d. Medieval farmers put up with scattering as a natural consequence of marriage and inheritance.
a. Medieval farmers did not use rational decision making. b. Medieval farmers were not as clever as their modern counterparts. c. Medieval farmers were attempting to reduce their risk. d. Medieval farmers put up with scattering as a natural consequence of marriage and inheritance.
Total health care spending in the United States was over $2.6 trillion in 2013
Indicate whether the statement is true or false
Primary dealers are those
A) permitted to trade directly with the Fed. B) who work under the account manager at the Federal Reserve Bank of New York. C) who specialize in selling bonds to small private investors. D) responsible for assuring that interest rates do not decline unless the FOMC has given specific instructions that they decline.