Ceteris paribus, in a closed economy, if consumers become more optimistic ________

An example of moral hazard is

a. workers working diligently even though the boss is not looking b. health care insured employees forgoing their diet and exercise c. drivers of safer cars turning their phones off before driving d. borrowers investing their loan proceeds exactly as the bank requires

All other things being equal, a greater supply of scientists and engineers will increase the level of technology

a. True b. False Indicate whether the statement is true or false