People buy insurance because

A) they don't trust banks

B) it protects the insured against loss

C) it protects the underwriter against loss

D) they have extra income to invest

Oftentimes, the socially optimal quantity for a product that imposes external costs on the society is not zero, but something greater than zero. This is because completely eliminating the externality would involve:A.

Which of the following would NOT be a benefit of purchasing call options for the stocks of a number of different companies? [A] If the underlying stocks decline, the investor's losses would be limited to the amount of the premiums.

Assume that (a) the price level is flexible upward and downward and (b) the economy is currently operating at its full-employment output.

What is a multinational company

The part of the disposable income that is not consumed by households is:

Oil found in texas is an example of A. Human capital B. A capital resource C. A labor resource D. An entrepreneur

Choose the correct option to each description of a financing agent, activity, setting, or instrument. 1. a forum where direct and indirect financing takes place 2. a security that represents a loan 3. a security that represents part ownership 4.

After a night of karaoke, Tiffany forgets to set her alarm and sleeps through her Economics final exam. A. The Opp. cost of Tiffanys decision is the price to retake the examB. The Opp.

Roberta, a store manager, uses her coercive power effectively to motivate employees. because of her coercive power, roberta would be able to

Economic profit is smaller than accounting profit because: (A) accounting profit does not account for explicit and implicit costs. (B) accounting profit accounts for explicit and implicit costs.