Author Question: The timeshare condominium in Florida you bought last year turned out to involve many extra costs and ... (Read 60 times)

nummyann · **on:** Jun 30, 2018

The timeshare condominium in Florida you bought last year turned out to involve many extra costs and restrictions that were not apparent when you bought it. This is an example of
a. natural selection
b. moral hazard
c. hidden actions
d. open-access resources
e. hidden characteristics

Question 2

The yardstick most often used to compare living standards across nations is
a. average production cost per unit
b. sales revenue per month
c. utility per capita
d. output per capita
e. imports per year