Which is NOT an example of moral hazard
a. people eat more at all-you-can-eat buffets
b. loggers clear-cut a tract of land when paying a fixed fee rather than when paying per tree felled
c. Drivers of heavier, safer cares are less likely to run stop signs
d. workers on commission work harder than those paid an hourly wage
c
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Which of the following is NOT an assumption of the behavior of exchange rates in the short run?
a. The adjustment period of time involves weeks rather than years. b. Market forces are irrelevant and "do not matter." c. Prices of goods adjust slowly and are therefore "sticky." d. Economic actors behave in their own self-interest.
What is the largest component of GPDI?
A) residential fixed investment B) nonresidential fixed investment C) inventory investment D) consumer durables