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Author Question: Moral hazard is due to A) hidden characteristics. B) hidden actions. C) symmetric information. ... (Read 103 times)

s.tung

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on: Jul 1, 2018
Moral hazard is due to
 
  A) hidden characteristics.
  B) hidden actions.
  C) symmetric information.
  D) adverse selection.

Question 2

Joe's income is 500, the price of food (F, y-axis) is 2 per unit, and the price of shelter (S, x-axis) is 100. Which of the following represents his marginal rate of transformation of food for shelter?
 
  A) -5
  B) -50
  C) -.02
  D) None of the above.


pangili4

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


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