When people by insurance they often adopt risky behavior. This is an example of
A) adverse selection.
B) moral hazard.
C) a negative externality.
D) moral hazard and a negative externality.
B
Economics
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Most studies of mineral abundance have assumed that
a. Resources are relatively smoothly distributed in the earth's crust b. Resources are unevenly distributed in the earth's crust c. Resource prices will continue to rise in the near future d. Economically recoverable reserves will decrease in the near future e. The economic supply of resources will remain fixed
Economics
How does a firm in a competitive market decide what level of output to produce in order to maximize its profit?
What will be an ideal response?
Economics