When economists refer to "demand," they are speaking of<u> a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period.</u>
Answer: TRUE
Explanation: Moral hazard refers to the situation when an individual starts taking avoidable risk unnecessarily when he or she is aware of the fact that any potential loss will be bore by the third party and not him.
Thus, if the manager is taking more and more risk knowing that they are insured is a clear example of moral hazard. Hence, the given statement is true.
Answer:
False
Explanation:
Purchasing power is related to real income and not to nominal income. Even though workers had a $10 increase in their average nominal income, due to the effects of inflation, that increase does not necessarily reflect an improve in purchasing power.
The statement is false.
The individual that makes the investment that has highest risk is Norville because he invested 75 percent of his portfolio in stocks.
<h3>What investment are considered high risk?</h3>
High risk investment refers to an investment that have large chance of loss of capital and high chance of a devastating loss.
Daphne invests in mutual funds which offeres low risk, Velma and Fred spread their risk to reduce loss if any occur.
Therefore, the Option B is correct.
Read more about High risk investment
<em>brainly.com/question/2060019</em>
