An example of moral hazard is
a. people drive as carefully in icy conditions with antilock brakes as without
b. people drive as safely with more airbags as without
c. football players 'spear' with their heads when tackling more often with safer helmets
d. people read the medicine warnings as carefully when self-medicating versus with a doctor's prescription
c
Economics
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Other things the same, if the price level is higher than expected, then some firms believe that the relative price of what they produce has
a) increased, so they decrease production. b) decreased, so they increase production. c) decreased, so they decrease production. d) increased, so they increase production.
Economics
Define a sole proprietorship
What will be an ideal response?
Economics