If your risk of losing your house to catastrophe is 25%, how much would fair insurance cost if your home were worth $1,000,000?

Exports are products produced in the home country and sold in another country

Indicate whether the statement is true or false

An implication of the fact that the labor market is perfectly competitive is that:

A) there is always some unemployment. B) the labor demand curve is upward sloping and the labor supply curve is downward sloping. C) the quantity of labor demanded always exceeds the quantity of labor supplied. D) a worker willing to work at the equilibrium wage rate can instantly find work.