This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If insured drivers decide to drive more recklessly than uninsured drivers do, then an adverse ... (Read 60 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jun 29, 2018
If insured drivers decide to drive more recklessly than uninsured drivers do, then an adverse selection has occurred.
 
  Indicate whether the statement is true or false

Question 2

In the above figure, income is 8, the price of a soft drink is 1, and the initial price of a milkshake is 2. If the price of a milkshake decreases to 1, milkshakes are revealed to be
 
  A) an inferior good.
  B) a normal good.
  C) less preferred than soft drinks.
  D) None of the above answers is correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pswine

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Apparat ft. Soap & Skin - Goodbye (Drive) Apparat ft. Soap & Skin - Goodbye (Drive)
Medications That May Cause Myopathy as an Adverse Effect Medications That May Cause Myopathy as an Adverse Effect
A typical battery-powered 3/8 inch drive impact wrench. A typical battery-powered 3/8 inch drive impact wrench.
Food policy can drive the food industry Food policy can drive the food industry
How gene drive alleles can spread through populations How gene drive alleles can spread through populations
Video: Corpus Callosum Animation

For a complete list of videos, visit our video library