An insurer requiring a policyholder with a collision claim to submit more than one estimate of the repair costs is using a deductible to reduce morally hazardous behavior
Indicate whether the statement is true or false
F
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A currency drain is cash ________ and has ________ effect on the money multiplier
A) draining into the banks; an B) held at the Fed; an C) draining into the banks; no D) held as reserves; no E) held outside the banks; an
In determining the exchange rate between U.S. dollars and Swiss francs, all of the following are assumed constant along the supply curve for francs except one. Which is not assumed constant?
a. U.S. interest rates b. Swiss income c. expected rates of inflation in the United States d. expected rates of inflation in Switzerland e. the price of the Swiss franc
The MLC curve increases for a monopsonist because
a. hiring more workers raises total labor costs b. output price rises as a firm's market power increases c. hiring more workers does not affect wages d. the later workers hired are less productive e. as more workers are hired, all workers receive higher wages
The law of comparative advantage explains which of the following?
What will be an ideal response?