Insurance companies use deductibles and coinsurance to reduce moral hazard
Indicate whether the statement is true or false
TRUE
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The government sector balance equals
A) net taxes plus government expenditures. B) saving plus investment. C) government expenditures plus investment. D) net taxes minus government expenditures. E) saving minus investment.
The old lyric "the best things in life are free"
a. is not true for any goods. b. is even true for some goods that have a price. c. refers to goods provided by nature or the government. d. refers to goods provided by the market.
The Gini coefficient measures:
a) Income inequality b) Inflation c) Unemployment d) Economic growth
Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were unemployed?
a. 1.425 million b. 1.5 million c. 2.5 million d. 5 million