Insurance companies use deductibles and coinsurance to reduce moral hazard

In economics, the main difference between market and government stems from differences in

A) attitude. B) prevailing property rights. C) competition and cooperation. D) men and women. E) the majority and the minority.

A higher exchange rate for the U.S. dollar means that

A) the U.S. dollar trades for less foreign currency. B ) the U.S. dollar trades for more foreign currency. C) foreign currency has risen in value relative to the dollar D) the U.S. dollar has fallen in value relative to the foreign currency.