Health insurance leads to what types of moral hazards?
What will be an ideal response?
unhealthy behavior like smoking, unhealthy diet and drinking
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If this year's price level exceeds last year's
A) the inflation rate between these years has been positive. B) the inflation rate is accelerating. C) deflation is occurring. D) no relative price changes are occurring.
Suppose a video craze in the United States makes a particular Japanese-produced video game very popular. This would tend to:
a. affect the U.S. balance of payments but not the balance of trade. b. reduce any existing balance of trade deficit in the United States. c. increase the balance of trade deficit of the United States d. increase the balance of trade surplus of the United States.
Under the gold standard, a country with a trade deficit should expect
a. gold to flow out of the country to other countries. b. gold to flow into the country from other countries. c. the value of its currency to appreciate. d. the value of its currency to depreciate.
A duopoly is a form of oligopoly with two firms
a. True b. False Indicate whether the statement is true or false