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Author Question: Which of the following would increase prices for U.S. consumers? a. a tariff on imported ... (Read 34 times)

wenmo

  • Hero Member
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  • Posts: 540
on: Jun 30, 2018
Which of the following would increase prices for U.S. consumers?
 a. a tariff on imported automobiles
 b. an automobile import quota
 c. a foreign government subsidizing auto production
  d. (a) and (b) above only

Question 2

In the market for insurance, the moral hazard problem leads:
 a. those most likely to collect on insurance to buy it.
 b. those who buy insurance to take fewer precautions to avoid the insured risk.
  c. those with less insurance to take on more risk.
 d. to none of the above.


tennis14576

  • Sr. Member
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  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


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