Moral hazard occurs because people act
A) in the interest of others at all time.
B) in the best interest of society.
C) in their own self-interest.
D) like anarchists.
C
Economics
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Consumer equilibrium occurs where the budget line is ____ to the ____ possible indifference curve
a. tangent; highest b. equal; lowest c. marginal; maximum d. differential; highest
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International trade may make some individuals in a nation better off, while other individuals are made worse off
a. True b. False Indicate whether the statement is true or false
Economics