Chuck, a single taxpayer, earns $79,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds.
1 answer:
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1) Moral hazard occurs when the individual does not tell the others all the risks associated with their actions, so the correct answer is:
D. an individual knows more about his or her actions than other people do.
for the second one:
the money lent will be x
so we have :
x+10%x=1000
(the money lent and the interest are 1000 together)
so: 110%x=1000
11x=1000
x=1000\11
x=909.09 - so they correct answer is A!
x=
D. an individual knows more about his or her actions than other people do.
for the second one:
the money lent will be x
so we have :
x+10%x=1000
(the money lent and the interest are 1000 together)
so: 110%x=1000
11x=1000
x=1000\11
x=909.09 - so they correct answer is A!
x=