Author Question: In the above figure, if the market is unregulated, the equilibrium quantity is A) 0 units. B) 70 ... (Read 117 times)

Mimi · **on:** Jun 29, 2018

In the above figure, if the market is unregulated, the equilibrium quantity is

A) 0 units.
B) 70 units.
C) 80 units.
D) 100 units.

Question 2

Which of the following is an example of moral hazard?

A) I hire you to work in my garden for a fixed fee, and you work hard all day.
B) I hire you to work at an hourly rate and you work as slowly as possible.
C) You apply for the job only because I pay a fixed wage per day, no matter how much or little you do.
D) You agree to be paid by the weed to work in my garden, and then don't work hard.