Virtual currency unit 2 (VCU2) is different from VCU1 because:
a. VCU1 can only be purchased with real-word currencies. VCU2 can be purchased with real-world currencies and also earned in the virtual world.
b. VCU1 cannot be converted into legal tender; VCU2 can be converted into legal tender.
c. VCU1 can only be earned in the virtual world; VCU2 can be earned in the virtual world or purchased with legal tender.
d. In terms of spending potential, there is no difference; both VCU1 and VCU2 can be spent in the real world.
.C
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Insurance is possible and can be profitable because of
A) private information. B) adverse selection. C) moral hazard. D) consumers are risk aversion.
A recession begins with a(n) ________ in spending by firms on capital goods and a(n) ________ in spending on durable goods by households
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease