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Author Question: Linda noticed that ever since her brother bought theft insurance for his car, he keeps forgetting to ... (Read 59 times)

anshika

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on: Jun 29, 2018
Linda noticed that ever since her brother bought theft insurance for his car, he keeps forgetting to lock his car. Her brother's behavior is an example of ________.
 
  A) adverse selection
  B) moral hazard
  C) a positive externality
  D) a pecuniary externality

Question 2

Wobet is a small country that produces only steak and potatoes. Steaks have a price of 10 each and potatoes have a price of 1 each. Suppose that Wobet produces 10 steaks and 20 potatoes in 2010. Using ________, Wobet has GDP equal to ________.
 
  A) market value; 30 units
  B) a market basket; 30 units
  C) market value; 120
  D) real value; 120
  E) a price index; 120


jackie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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