The problem of adverse selection is usually more acute in case of automobile insurance compared to health insurance

Because unemployment is a macroeconomic topic, an increase in unemployment would not be expected to have any impact on the equilibrium price or quantity in the market for an individual good

Indicate whether the statement is true or false

The cross price elasticity of demand between two goods will be positive if

A) the two goods are complements. B) the two goods are substitutes. C) the two goods are luxuries. D) one of the goods is a luxury and the other is a necessity.