Coinsurance reduces moral hazard in exactly the same way as

A) limits on insurance.
B) risk-based premiums.
C) deductibles.
D) restrictive provisions.

C

Economics

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Dennis notices that jackets are on sale for $99. In this case money is functioning as a

A) medium of exchange. B) unit of account. C) store of value. D) payments-system ruler.

Economics

Labeling that states that a product was produced under environmentally sustainable conditions may not be an effective way to reduce pollution if

A) producers do not apply labels. B) labeling increases costs. C) consumers do not believe the information on the label. D) governments require labels.

Economics