« previous next »

Author Question: Suppose the new doctor you found in the yellow pages turns out to be a charlatan. This is an example ... (Read 37 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
Suppose the new doctor you found in the yellow pages turns out to be a charlatan. This is an example of
 a. natural selection
  b. moral hazard
  c. hidden actions
  d. external costs
  e. hidden characteristics

Question 2

The Big Mac Index uses the price of a Big Mac in local currencies around the world as a way of testing the purchasing power parity theory. Which of the following is a partial explanation for why the PPP theory does not apply to the Big Mac Index?
 a. Wages do not differ across countries
  b. Trade barriers, such as tariffs and quotas on beef, may distort local prices
  c. Taxes do not distort local prices
  d. Rent does not vary substantially across countries
  e. The Big Mac is traded internationally


Brenm

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Photosynthetic thylakoid membranes and numerous gas vesicles found in a cell of the cyanobacterial g Photosynthetic thylakoid membranes and numerous gas vesicles found in a cell of the cyanobacterial g
Yellow Iris Yellow Iris
The greatest bone mass is found around age 30 for both men and women, with the later decline being f The greatest bone mass is found around age 30 for both men and women, with the later decline being f
Probiotics are live microorganisms, usually bacteria, mainly found in cultured dairy foods Probiotics are live microorganisms, usually bacteria, mainly found in cultured dairy foods
Your nose runs like a leaky faucet and turns beet red from constant wiping Your nose runs like a leaky faucet and turns beet red from constant wiping
We lost the 6th book in the series. After two months, we finally found it. We lost the 6th book in the series. After two months, we finally found it.
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library