Author Question: Refer to Table 2-12. Honduras has a comparative advantage in the production of A) sailboats. B) ... (Read 32 times)

daltonest1984 · **on:** Jun 29, 2018

Refer to Table 2-12. Honduras has a comparative advantage in the production of

A) sailboats. B) canoes. C) both products. D) neither product.

Question 2

Pricing insurance policies is made difficult because buyers have more information than sellers. This difficulty is an example of

A) adverse selection. B) asymmetric information.
C) the free-rider problem. D) moral hazard.