Moral hazard typically occurs because
A) people are dishonest.
B) agreements sometimes create incentives that are costly to monitor.
C) workers possess diminishing marginal productivity.
D) workers possess adverse selection.
B
Economics
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When computing percentage changes, using the simple approach results in increases and decreases which are
A) identical. B) symmetric. C) more accurate than using the midpoint method. D) not symmetric.
Economics
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Economics