Which is a screen against adverse selection
a. Insurance companies require homeowners to have smoke detectors
b. Rearview cameras in cars
c. Installing engine monitors to track driving habits of the insured
d. Prospective secretaries must take a typing test before being hired
d
Economics
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Railroads had advantages over canals in all respects except
(a) year-around service. (b) speed of delivery. (c) full access to shipping points. (d) there is no "except"; all of the above were advantages of railroads.
Economics
If an increase in the price of good X leads to a decrease in the demand for good Y, then:
A. good X is a normal good and good Y is an inferior good. B. good X and good Y are normal goods. C. good X and good Y are substitutes. D. good X and good Y are complements.
Economics