The value of a future amount expressed in today's dollars is
A. the inflation rate.
B. the discount rate.
C. present value.
D. the interest rate.
Answer: C
Economics
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The difference between moral hazard and adverse selection is
a. moral hazard has to do with unobservable characteristics of individuals b. moral hazard has to do with unobservable actions of individuals c. adverse selection is when individuals change their behaviors because of a contract d. adverse selection is when you choose the wrong answer on a test
Economics
The study of economics arises due to
A) money. B) scarcity. C) greed. D) resources.
Economics