A commodity or token is money if it is ________
A. generally accepted as means of payment
B. a store of value
C. used in a barter transaction
D. completely safe as a store of value
A Answer A is the definition of money.
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(Consider This) The PPACA was intended to expand health care coverage to all Americans. Which of the following was not one of problems with the law in terms of that goal?
A. Firms avoided the employer mandate by cutting worker hours to part-time status. B. Insurance providers are allowed to deny coverage to those with preexisting conditions. C. Many poor workers were ineligible to receive the subsidies necessary to help them fulfill the personal mandate. D. States declined to set up the insurance exchanges specified in the act.
Automobile insurance companies have a problem with people who buy insurance and then drive recklessly or take less care to avoid losses after being insured. In other words, the automobile insurance market is subject to
A) asymmetric information. B) market signaling. C) moral hazard. D) adverse selection.