Owners of bonds that were issued by the federal government are not required to pay federal income tax on the interest income

If a state requires all drivers to purchase auto insurance, insurance companies still face the problem of

A) sunk costs. B) excess demand for their insurance. C) correctly pricing their insurance. D) adverse selection.

The costs of inflation have been most apparent in the post-war period in countries like

A) Argentina. B) Belgium. C) the United States. D) Canada. E) Japan.