When the payoff you receive depends only on what you choose, but not on what your opponent chooses, mutual interdependence is said to exist

If households choose to take some fraction of each check they deposit and hold it as currency, then the simple deposit multiplier ________ the real-world multiplier

A) is equal to B) is greater than C) bears no relationship to D) is less than

A moral hazard arises when

A. high-risk individuals are unable to find insurance. B. insurance leads the insured to be less careful. C. risk-averse individuals purchase insurance. D. insurers are unable to fully pay legitimate claims.