In March 2015, many college students bet on the NCAA finals in dorm gambling pools. This is an example of
a. real vs. nominal GDP.
b. the assumed value of household production.
c. underground economic activity.
d. the implicit value of leisure time.
e. a "bad" versus a "good."
c
Economics
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A difference between moral hazard and adverse selection is that
a. moral hazard deals with pre-contractually determined public information b. moral hazard deals with post-contractually determined private information c. adverse selection deals with pre-contractually determined private information d. adverse selection deals with post-contractually determined public information
Economics
U.S. imports are goods that are
a. produced in other countries b. consumed in other countries c. sold in other countries d. produced in the U.S. e. exported from the U.S.
Economics