All economic questions are about

A) how to make money.
B) what to produce.
C) how to cope with scarcity.
D) how to satisfy all our wants.

C

Economics

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If insurance companies are able to gather more and better information on their customers, this will

A) help reduce the problem of adverse selection but do nothing to help with the problem of moral hazard. B) help reduce the problem of moral hazard but do nothing to help with the problem of adverse selection. C) help reduce the problems of adverse selection and moral hazard. D) do nothing to help with the problems of moral hazard and adverse selection.

Economics

Philosophical arguments in favor of income redistribution programs include

A) utilitarianism. B) the Rawlsian social contract. C) the benefits-received principle. D) all of the above

Economics