The idea that some people engage in risky behavior due to the fact that they have good health care is known as
A. risk aversion.
B. risk-taking behavior.
C. moral hazard.
D. zero-sum game.
Answer: C
Economics
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In a production process, all inputs are increased by 10%; but output increases less than 10%. This means that the firm experiences
A) decreasing returns to scale. B) constant returns to scale. C) increasing returns to scale. D) negative returns to scale.
Economics
For saving to increase, consumption must decrease, ceteris paribus
Indicate whether the statement is true or false
Economics