Economists have found that some risky behaviors increase and preventative medicine use decreases when individuals in the U.S. turn 65 and qualify for Medicare (public health insurance). This phenomenon is most consistent with which of the following concepts?
a. Moral hazard
b. Time inconsistency
c. Availability bias
d. Confirmation bias
a
Economics
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If a monopoly wants to sell a larger quantity, it must
A) set a higher price. B) maintain the current price. C) set a lower price. D) implement new technology. E) increase the barrier to entry that protects it.
Economics
Which country is the United States' largest trading partner in terms of volume of trade?
A. Mexico B. Japan C. China D. Canada
Economics