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Author Question: Suppose the refrigerator repairman charges you for two hours of labor even though he could have ... (Read 164 times)

james

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on: Jun 30, 2018
Suppose the refrigerator repairman charges you for two hours of labor even though he could have fixed it in ten minutes. This is an example of
 a. natural selection
  b. moral hazard
  c. hidden actions
  d. external costs
  e. hidden characteristics

Question 2

Which of the following is a cause of higher birth rates in developing countries?
 a. Children are viewed as a source of farm labor
  b. Children are viewed as economic and social security as the parents age
  c. Higher child mortality rates engender higher birth rates
  d. All the answers are correct
  e. None of the answers is correct


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fdliggud

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


james

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Reply #2 on: Jun 30, 2018
Correct answers!


fdliggud

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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