The payment for a factor of production that is completely inelastic in supply is

Under the current managed float exchange rate regime; countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in

their countries. A) more; cheaper B) more; costlier C) less; cheaper D) less; costlier

The use of deductibles and coinsurance are examples of attempts by insurance companies to deal with the problem of

A) moral hazard. B) adverse selection. C) failure of policyholders to keep paying their premiums. D) excessive government regulation.