Exchange rates that are allowed to fluctuate in response to changes in supply and demand is known as

A tax bracket is

A) the percent of taxable income paid in taxes at a specific income bracket. B) the type of tax structure for which a range of taxes applies. C) the income range within which a particular tax rate applies. D) the range, from the high to the low tax rate, of a particular type of tax.

The case where people purposely act in a careless way, for example, driving recklessly because they are insured, is called

A) asymmetric information. B) risk aversion. C) moral hazard. D) bounded rationality. E) thrill-seeking.