When Jeneva went to Costa Rica in July 2008, a U.S. dollar was worth 550 colones. If today a U.S. dollar is worth 650 colones, it means that the U.S. dollar has depreciated against the colone
Indicate whether the statement is true or false
FALSE
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The tendency for the poorest risks to buy health insurance and the tendency of the insured to take more risks with their health are known as
a. moral hazard and adverse selection, respectively b. the winner's curse and adverse selection, respectively c. adverse selection and natural selection, respectively d. adverse selection and moral hazard, respectively e. the winner's curse and moral hazard, respectively
Externalities require government intervention when
A. violence will result between disputing parties. B. there are only a few sellers in the market. C. property rights are not clearly established. D. the government imposes sales taxes. E. all of these answer options are correct.
Research confirms that government provision of infrastructure:
A. promotes economic growth. B. leads to reduced spending on research and development. C. increases human capital. D. hinders economic growth.
Insurance companies can reduce risk by accepting premiums from
A) many people to insure against independent events. B) few people to insure against dependent events. C) few people to insure against independent events. D) many people to insure against dependent events.