Which is NOT an example of moral hazard
a. people eat more at all-you-can-eat buffets
b. loggers select the most profitable trees to harvest even when they are not paying per tree felled
c. Drivers of heavier, safer cares are more likely to run stop signs
d. workers on commission work harder than those paid an hourly wage
b
Economics
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The period during which real output falls during a business cycle is called:
a. peak. b. recession. c. recovery. d. trough.
Economics
Refer to the table below. What is the expected price of the input in Country B?
The above table provides the probability distribution of price of an input next year in Country A and Country B.
A) $1 B) $999 C) $501 D) $500
Economics