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Author Question: After people buy insurance, they are more likely to build a beach house out of wood framing rather ... (Read 114 times)

piesebel

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After people buy insurance, they are more likely to build a beach house out of wood framing rather than concrete block. This is an example of
 A) risk aversion.
  B) moral hazard.
  C) risk neutrality.
  D) free riding in teams.

Question 2

At a higher wage rate:
 a. the opportunity cost of working increases.
  b. the opportunity cost of leisure increases.
  c. the opportunity cost of working decreases.
  d. the opportunity cost of leisure decreases.



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jgranad15

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Answer to Question 1

B

Answer to Question 2

b




piesebel

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


bulacsom

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Reply 3 on: Yesterday
Gracias!

 

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