80% of the total number of people in Genovia with health insurance are above 40 years of age. Which of the following economic concepts helps in explaining this fact?
A) The concept of negative externalities
B) The concept of adverse selection
C) The concept of free riding
D) The concept of positive externalities
B
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Special interest group A receives a 1/10,000th slice of the economic pie (Real GDP). It is seeking a transfer of $1,000. For group A to be indifferent between a transfer policy and an economic growth policy, economic growth must be ________________ times larger than the _________________
A) 1,000; transfer B) 10,000; transfer C) 100; transfer D) 10,000; transfer minus $1,000 E) 1,000; transfer; minus $10,000
Which of the following statements is false?
A) The Wilshire 5000 is a stock index that consists of the stocks of about 6,500 firms. B) Instead of buying a mutual fund that consists of various stocks picked by a fund manager you can buy a mutual fund that consists of the stocks that make up a particular stock index. C) The term Sypders stands for "Standard & Poors Direct Receipts." D) When an investor buys Spyders they are said to "buy the market."