A firm deciding to hire a secretary, bases its decision on how well the candidate is trained on certain software. This practice addresses:

a. Adverse selection
b. Moral hazard
c. Forced bankruptcy
d. None of the above

a

Economics

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In the United States, out-of-pocket spending on health care is about ________ percent of all health care spending

A) 2 B) 10 C) 33 D) 48

Economics

Capital flight is a problem facing DVCs that involves the:

A. Difficulty of sustaining skilled workers in the government sector of the DVC economies B. Transfer of private savings from DVCs to IACs C. Flight of agricultural workers from rural to urban areas, especially capital cities, to take advantage of better job opportunities D. Movement of capital goods from IACs to DVCs to avoid taxes

Economics