A risk-averse person's expected utility function is

As healthy people leave an insurance pool, premiums rise, which cause more people to leave the pool and even higher premiums. This describes

A) moral hazard. B) the reversibility paradox. C) irrational pricing. D) a premium death spiral.

Refer to the tables. Suppose that resources in North Cantina and South Cantina are identical in quantity and quality. We can conclude that:

Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina:

A. South Cantina has better technology than North Cantina in producing both capital and
consumer goods.
B. North Cantina has better technology than South Cantina in producing both capital and
consumer goods.
C. North Cantina is growing more rapidly than South Cantina.
D. North Cantina has better technology than South Cantina in producing consumer goods but
not capital goods.