The key decision maker for U.S. monetary policy is:

Negative externalities and the tragedy of the commons are problems that have a common source. What is this common source?

A) a lack of competition B) self-interest motives of producers and consumers C) a lack of clearly-defined and enforced property rights D) an overabundance of resources

Which of the following represent examples of adverse selection?

A) Unhealthy people are more likely to want health insurance. B) Careless drivers purchasing extra auto insurance. C) Risk averse individuals choosing to buy extra insurance. D) all of the above E) A and B only