This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Employees at Bank of America are good at providing banking services and workers at Ben & Jerry's ... (Read 37 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
Employees at Bank of America are good at providing banking services and workers at Ben & Jerry's are good at making ice cream.
 
  If some bankers are moved to making ice cream, we get a small increase in the amount of ice cream produced and a large decrease in the amount of banking services provided. If the PPF has banking services on the vertical axis and ice cream on the horizontal axis, the effect of the change reflects A) decreasing opportunity costs.
  B) a bowed out PPF for banking services and ice cream.
  C) production efficiency.
  D) a shift to a flatter PPF.

Question 2

Insurance is possible and can be profitable because of
 
  A) private information.
  B) adverse selection.
  C) moral hazard.
  D) consumers are risk aversion.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


HudsonKB16

  • Member
  • Posts: 535
Reply 2 on: Jun 29, 2018
Gracias!

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

A statue of a corn goddess of the Moche peoples of coastal Peru, around 400 BP. Within several centu A statue of a corn goddess of the Moche peoples of coastal Peru, around 400 BP. Within several centu
Increasing Separation of Masters and Workers Increasing Separation of Masters and Workers
A typical bank statement. A typical bank statement.
Distribution of zebra and quagga mussels in North America in 2014 Distribution of zebra and quagga mussels in North America in 2014
Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s
Piggy bank Piggy bank
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library