To economists, feelings such as peace, serenity, religious devotion, and self-esteem are captured in the concept known as _____

Blood tests administered to applicants for medical insurance are an example of an attempt by insurance companies to deal with the problem of

A) moral hazard. B) the drug abuse problems currently plaguing the country. C) adverse selection. D) failure of policyholders to keep paying their premiums.

Which of the following pairs is the most likely to exhibit a direct relationship?

a. The price of gasoline and the amount of gasoline that people purchase. b. Cholesterol levels and the likelihood of developing heart disease. c. Outdoor temperature and heating oil sales. d. Annual income and weekly pawn shop visits.