« previous next »

Author Question: Robert got a new job and relocated to a different city. He initially decided to rent a small ... (Read 69 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 29, 2018
Robert got a new job and relocated to a different city. He initially decided to rent a small apartment close to his office.
 
  However, he decided to live in a much bigger and costlier apartment when he found out that his employer will pay him a house rent allowance. This is an example of ________. A) adverse selection
  B) moral hazard
  C) the prisoners' dilemma
  D) the free-rider problem

Question 2

When the price of a good spikes dramatically, the information conveyed in the market demonstrates that
 
  A) greed has increased among the suppliers.
  B) greed has increased among the demanders.
  C) the good has become more scarce than before.
  D) the good has become less scarce than before.


af

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

A small herd of Przewalski's Horses A small herd of Przewalski's Horses
Why Cells Are Small 1 Why Cells Are Small 1
Common skin signs are often evidence of an illness or disorder. A vesicle is a small fluid filled ... Common skin signs are often evidence of an illness or disorder. A vesicle is a small fluid filled ...
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Notice the small motor gear on the left drives a larger plastic gear (black), which then drives ... Notice the small motor gear on the left drives a larger plastic gear (black), which then drives ...
The population of a city has continued to grow since 1950. The population of a city has continued to grow since 1950.
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library