On the basis of the given information, we:
Use the labor demand data on the left and the labor supply data on the right in answering the following question:
A. can say that the labor supply curve facing the firm is nonexistent.
B. cannot say whether the firm's product market is purely or imperfectly competitive.
C. can say that the firm is selling its product in a purely competitive market.
D. can say that the firm is selling its product in an imperfectly competitive market.
C. can say that the firm is selling its product in a purely competitive market.
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Edward lives in England, and he makes a donation of $100,000 dollars to Food for the Poor, a charitable organization in the United States. Edward's donation will be counted as a(n) ________ in England's current account
A) export B) factor payment C) transfer payment D) import
Moral hazard would lead to
a. Only risky drivers buying insurance b. More risky drivers buying more insurance c. Drivers taking on a lot more risk after buying insurance d. Drivers becoming a lot more careful after buying insurance