Insurance:
A. reduces the risks inherent in life.
B. increases a person's expected wealth.
C. helps individuals avoid certain types of risk.
D. None of these statements is true.
Answer: D
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Use the figure below to answer the following question. 
The case of complementary goods is represented by figure
A. 1. B. 2. C. 3. D. 4.
Lemon laws __________ the __________ problem in the used car market.
A. are meant to reduce; adverse selection B. are meant to reduce; moral hazard C. unintentionally worsen; adverse selection D. unintentionally worsen; moral hazard
What are some of the long-run costs of tariffs?
What will be an ideal response?
The Solow growth model predicts that a lower labor force growth rate will lead to
A) a decreased steady state and higher break-even investment. B) higher productivity and a higher standard of living. C) a lower saving rate and decreased investment. D) a higher rate of dilution and lower break-even investment.