Bill purchases property insurance for his office building, which includes coverage for fire damage. The policy offers premium discounts for smoke detectors, fire alarms, fire extinguishers and sprinkler systems
This is an incentive system to help avoid A) adverse selection.
B) moral hazard.
C) optimal-stopping.
D) none of the above
A
Economics
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The price of one bedroom apartments in Cheyenne increased from $55,000 to $65,000 and the quantity of apartment for sale increased from 25 to 30. Using the midpoint method, the price elasticity of supply for apartments in Cheyenne is equal to
A) 0.916. B) 0.75. C) 1.09. D) 2.18. E) 0.08.
Economics
Full employment implies which of the following is reduced to zero?
a. cyclical unemployment only b. frictional unemployment only c. frictional and structural unemployment only d. frictional, structural, and cyclical unemployment
Economics