Discrimination occurs when a group of people have different opportunities because of characteristics that have nothing to do with their individual abilities

The law of increasing costs indicates that the opportunity cost of producing a good:

A. is proportional to the production of the good. B. is constant to the production of the good. C. increases as more of the good is produced. D. decreases as more of the good is produced.

In the context of insurance, moral hazard refers to:

A. the tendency for people to behave in a riskier way after they have acquired insurance. B. the tendency for high-risk individuals to seek out more insurance than low-risk individuals. C. when people organize themselves in a group to collectively absorb the cost of the risk faced by each individual. D. when risks are shared across many different assets or people, reducing the impact of any particular risk on any one individual.