Rental Car Maintenance Why do rental cars require more maintenance in their first 50,000 miles than comparable cars driven by private owners?
This is a moral hazard issue. Drivers drive their own cars with more care than they do cars that they are not responsible for once the rental period is over.
Economics
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Define the following terms and explain their importance to the study of economics
a. minimum wage law b. income and substitution effects c. backward-bending labor supply curve d. human capital theory e. dual labor markets
Economics
Which of the following states had the highest incidence of union membership as a percent of all wage and salary workers in 2012?
a. New York b. Arkansas c. North Carolina d. California
Economics