The graph shown exhibits diseconomies of scale:
A. in region a.
B. in region c.
C. over the entire range of output.
D. in region b.
Answer: B
Economics
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The cost of group health insurance is generally lower than if a person buys an individual policy because
A) it is easier for an insurance company to deny claims from a group policy. B) the problem of adverse selection is reduced. C) insuring a group of people eliminates the problem of policy holders having more information than the insurance company. D) this eliminates the problem of moral hazard.
Economics
The aggregate demand curve is downward sloping
a. True b. False Indicate whether the statement is true or false
Economics