Which of following provisions in an insurance policy may be economically efficient if policy holders can control small claims but not large ones?
a. Vigilance provision
b. Non-price exceptions
c. Co-payment provisions
d. Liquidated damages
C
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On which of the following types of unemployment do macroeconomic tools have the greatest effect?
a. Cyclical unemployment. b. All the above. c. Structural unemployment. d. None of the above e. Seasonal unemployment.
Recall the Application about the demand and price for margarine to answer the following question(s).Recall the Application. Between 2000 and 2009, total U.S. consumption of margarine ________ and the price, in real terms, ________.
A. doubled; doubled B. decreased by roughly half; decreased by roughly half C. decreased by roughly half; stayed roughly the same D. doubled; stayed roughly the same
An inflation goal set at a low rate but greater than zero allows all of the following except
A. For errors because of new products. B. The Fed to meet less often. C. The economy to achieve both full employment and price stability at the same time. D. For price increases caused by quality improvements.
When the Federal government uses taxation and spending actions to stimulate the economy it is conducting:
A. Fiscal policy B. Incomes policy C. Monetary policy D. Employment policy