Goods with many substitutes tend to have more price elastic demand curves

Refer to the scenario above. Which of the following combinations will lie above Jack's production possibilities curve?

A) 2 paintings and 3 sculptures B) 5 sculptures only C) 10 paintings only D) 3 paintings and 5 sculptures

Questions about employment history on a loan application are used to prevent

A) moral hazard. B) adverse selection. C) market signaling. D) risk aversion.