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Author Question: An individual in the US wants to buy a car from England which costs 12,000 pounds. If the exchange ... (Read 15 times)

dbose

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on: Jul 1, 2018
An individual in the US wants to buy a car from England which costs 12,000 pounds. If the exchange rate is 1 pound = 1.75, how much would the car cost him in dollars?
 a. 21,000
 b. 6,800
 c. 12,000
 d. Need more information

Question 2

The following is an example of adverse selection
 a. A majority of those applying for well paid jobs are under qualified
 b. More reckless drivers opt for cars with fewer safety devices
 c. Individuals living in less secure neighborhoods want to buy less insurance
 d. Individuals with a strong family history of heart diseases opt to buy less insurance


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akpaschal

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


dbose

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Reply 2 on: Jul 1, 2018
Excellent

parshano

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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