Refer to Scenario 17.3. If the fire protection program were not in place, the insurer would not be willing to ensure the warehouse for any amount less than
A) $80.
B) $300.
C) $3,000.
D) $6,000.
E) $300,000.
C
Economics
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Prices of final goods and services in Eduland have increased by 23% between Year 1 and Year 2. If the GDP deflator of Eduland in Year 1 was 100, the GDP deflator of Eduland in Year 2 is ________
A) 50 B) 112 C) 103 D) 123
Economics
Adverse selection often occurs in the private health market because, _____________ on average would pay __________ for their health care insurance premiums than for their health care costs.
a. healthier people; more b. less healthy people; more c. healthier people; less d. less healthy people; the same
Economics