Since 1970, the world Gini ratio has ________ indicating that the world distribution of income has ________
A) risen; become more equal
B) fallen; become more equal
C) risen; become less equal
D) not changed; not changed
B
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When the U.S. interest rate rises, the demand for U.S. dollars ________ and the exchange rate ________
A) increases; falls B) does not change; rises C) increases; rises D) decreases; falls E) decreases; rises
A provision of the Affordable Care Act states that private insurance companies cannot deny coverage to anyone because of a preexisting medical condition
By offering health insurance to people with preexisting medical conditions, this provision eliminates ________ for both the insurance company and the policy holder, and eliminates ________ for the insurance company. A) moral hazard; asymmetric information B) asymmetric information; adverse selection C) asymmetric information; moral hazard D) adverse selection; moral hazard