Referring to Figure 19.1, the peso is likely to appreciate if the exchange rate is either ________ or ________ pesos to the dollar

Regarding the purchasing of INSURANCE in particular, the most important difference(s) between "adverse selection" and "moral hazard" in general is/are that

A. adverse selection deals with "hidden information," whereas moral hazard deals with "hidden actions." B. usually the insurer worries more about adverse selection BEFORE the insurance is purchased, whereas it worries more about moral hazard AFTER the insurance is purchased. C. Both of the above statements are true. D. None of the above statements are true.

"An extra dollar of income gives more additional satisfaction to a poor person than to a rich person." This is an important assumption of which political philosophy?

a. utilitarianism b. liberalism c. libertarianism d. republicanism