Author Question: Corn flakes are A) a rival good because many firms produce them. B) a rival good because if ... (Read 66 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
Corn flakes are
 
  A) a rival good because many firms produce them.
  B) a rival good because if another person wants some corn flakes society has to use additional resources to produce corn flakes for that person.
  C) a non-rival good because there are only a few firms in the industry.
  D) a non-rival good because even if another person wants some corn flakes so many corn flakes are produced that no additional resources are used to satisfy this new customer's needs.
  E) a public good.

Question 2

When states make car insurance mandatory for all drivers, it
 
  A) raises rates for everyone because it brings bad drivers into the pool.
  B) raises rates for high-risk drivers.
  C) may lower rates for all drivers to the extent that it keeps low-risk drivers in the pool.
  D) prevents high-risk drivers from selecting out, to the detriment of low-risk drivers.
  E) increases the amount of information available to insurers about the population.



brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

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?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library