A municipal bond issued by the state of Colorado to construct a new toll highway is a __________ bond

The table above shows the production possibilities for an economy. The opportunity cost of a loaf of bread is ________ when moving from possibility B to possibility C

A) 1/2 of a book B) 2 books C) 200 books D) 100 loaves of bread E) 1 loaf of bread

An indication that Insurance companies anticipate adverse selection is

a. they do not require a deductible b. they do not classify clients into different risk types according to their claim history c. they classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment