Health insurance is subject to
a. Both asymmetric information problems and moral hazard problems
b. Neither asymmetric information problems nor moral hazard problems
c. Asymmetric information problems but not moral hazard problems
d. moral hazard problems but not asymmetric information problems
a
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Refer to Table 3-2. The table above shows the demand schedules for caviar of two individuals (Ari and Sonia) and the rest of the market. If the price of caviar falls from $45 to $35, the market quantity demanded would
A) increase by 50 oz. B) decrease by 50 oz. C) decrease by 70 oz. D) increase by 70 oz.
In order to increase its target for the federal funds rate, the Fed would normally
A) conduct open market sales. B) conduct open market purchases. C) increase the discount rate. D) increase reserve requirements.