When the price of good X rises, the demand for good Y falls. Explain what this relationship implies about the two goods

Many people prefer debit cards to checks because: a. checkbooks are not required and direct payments are made

b. checks are unsafe for use. c. debit cards delay money payments. d. using checks is time consuming. e. debit cards help account holders get a loan from the card issuer.

After John discovered he had a serious illness, he immediately purchased health insurance without disclosing his illness to the insurance company. This is an example of adverse selection

a. True b. False Indicate whether the statement is true or false