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Frost2351

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An economic principle that explains why people pursue different occupations is
 
  A) NAFTA. B) international trade.
  C) absolute advantage. D) comparative advantage.

Question 2

If a hospital knows that an insurance company will pay for most of a patient's bill, the hospital has more of an incentive to require additional medical procedures and tests, even if the patient may not require them. This is an example of
 
  A) moral hazard. B) adverse selection.
  C) asymmetric information. D) the principle-agent problem.


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AISCAMPING

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Frost2351

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


elyse44

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Reply 3 on: Yesterday
Gracias!

 

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