The requirement that all drivers must carry auto insurance reduces
A) moral hazard.
B) the effectiveness of signaling.
C) adverse selection.
D) the chance of auto accidents.
C
Economics
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Which of the following prices will be used when calculating the rate of growth of real GDP between the year's 2005 and 2006 using the chain method?
A) prices in the base year (2002) B) prices in 2005 C) prices in 2006 D) the average of prices in 2005 and 2006 E) prices in 2005, 2006, and in 2002 (the base year)
Economics
If a nation’s productivity grows by 3% rather than 1.5% over many years, what will be the difference in the nation’s standard of living? Explain
Please provide the best answer for the statement.
Economics