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

Author Question: Which of the following is false? a. Product liability laws can make it unprofitable to sell shoddy ... (Read 114 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
Which of the following is false?
 a. Product liability laws can make it unprofitable to sell shoddy merchandise, providing a substantial incentive to provide safe products independent of government regulations.
  b. Asymmetric information exists when the available information is initially distributed in favor of one party to a transaction relative to another.
  c. In adverse selection situations, it is rational for a seller with more information about a product to provide a truthful and complete disclosure and make that fact known to a potential buyer.
  d. Moral hazard arises in part from the fact that it is costly for an insurer to monitor the behaviors of the insured party.

Question 2

The principle of comparative advantage states that a country should specialize in the production of those goods that have the highest opportunity costs.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

DylanD1323

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


jjjetplane

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Excellent

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

The Sun in false-color ultraviolet image The Sun in false-color ultraviolet image
Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another. Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another.
All fuel injectors should make the same sound with the engine running at idle speed. A lack of sound ... All fuel injectors should make the same sound with the engine running at idle speed. A lack of sound ...
Importance of Considering Gestalt Principles in Product Design Importance of Considering Gestalt Principles in Product Design
calculate the quantities required to make 5 lb of hydrophilic ointment: calculate the quantities required to make 5 lb of hydrophilic ointment:
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library