Author Question: Moral hazard occurs when an informed party benefits in an exchange by taking advantage of knowing ... (Read 96 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
Moral hazard occurs when an informed party benefits in an exchange by taking advantage of knowing more than the other party.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the 1960s and early 70s, economists believed that the Phillips curve indicated:
 a. a menu of macroeconomic choices available to policy makers.
 b. that higher levels of employment could be achieved with lower inflation.
  c. that higher inflation was the price for more unemployment.
 d. all of the above.



Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

False

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

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?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

For a complete list of videos, visit our video library