1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alenkasestr [34]
3 years ago
15

Consider the following story: When Joe didn't have renter's insurance, he was very careful not to leave candles lit in his apart

ment and locked the door when he left. Now that he has renter's insurance, he typically leaves candles burning all day and forgets to lock the door, because he knows that even if his apartment catches on fire or gets broken into, his insurance will cover it. The economic problem in this story is known as:a. The free-rider problem
b. Moral hazard
c. Government failure
d. Adverse selection
Business
1 answer:
Andreas93 [3]3 years ago
4 0

Answer:

b. Moral hazard

Explanation:

Joe has Moral hazard problem because he feels that he is protected in some way from risk, thereby acting differently than when he didn't have the insurance protection.

You might be interested in
What is common stock ? in your own words. ​
vodomira [7]
Common stock our shares of ownership in a corporation that a Ford their holders voting rights.
6 0
3 years ago
Read 2 more answers
What is the advantage of having only one inbox?
Alik [6]
You can receive all emails without switching to other inboxes. its convient and faster
8 0
3 years ago
Read 2 more answers
Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units dur
Advocard [28]

Answer:

D. $28.50

Explanation:

Peach Equivalent-unit cost = Total Cost / Units

Peach Equivalent-unit cost = ($966000 + $231000) / (40000 units + (10000 units*20% completion))

Peach Equivalent-unit cost = $1197000 / (40000 units + 2000 units)

Peach Equivalent-unit cost = $1197000 / 42000 units

Peach Equivalent-unit cost = $28.50

5 0
3 years ago
The managerial role that changes the most between middle and top managers is ________.
Harlamova29_29 [7]
It is controlling. It is characterized as a precise exertion by business administration to contrast execution with foreordained norms, plans, or targets keeping in mind the end goal to decide if execution is in accordance with these measures and apparently so as to make any therapeutic move required to see that human and other corporate assets are being utilized as a part of the best and effective path conceivable in accomplishing corporate destinations
6 0
3 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon.Sele
sergiy2304 [10]

Answer:

1) It is a price floor which is binding as employeer cannot hire teenagers willing to work below 24 dollars per hour

2) it is a price celling and is biding as the current equilibrium price is 3.00 There will be shortage as demand will icnrease for the lower price but supply decrease as it is not as profitable

3) it is a price floor which is also binding as the equilibrium is at 3 dollars the supplier will have to increase price and sales volume will be lower as demand will drop

Explanation:

4 0
3 years ago
Other questions:
  • A delivery van costing $37,000 is expected to have a $2,900 salvage value at the end of its useful life of five years. Assume th
    14·1 answer
  • Repurchase agreements are usually used by banks that:
    15·1 answer
  • Petty Cash is easily misappropriated if business processes and internal controls are not established and enforced. Provide and e
    8·1 answer
  • Straight Arrow unloaded two tankers worth of toxic waste at an important port in the country of Urithmea. A hundred workers work
    9·1 answer
  • Recording inventory transactions in the general journal and posting entries to T-accounts: Perpetual system LO 4-1 Milo Clothing
    9·1 answer
  • When Job 117 was completed, direct materials totaled $5,090; direct labor, $5,838; and factory overhead, $4,042. A total of 1,49
    6·1 answer
  • 5) Si tuvieras que hacer un presupuesto de Ingresos y uno de Gastos ¿Cuál harías primero y que te sirva de base para hacer el ot
    5·1 answer
  • The Saturday Evening Post was a niche magazine.<br><br> True<br> False
    10·2 answers
  • Why do you think that people might treat a small purchase like a snack, differently from the way they would treat the purchase o
    7·1 answer
  • If an organization allows byod, how can employees make sure that their device is secured?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!