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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.

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Select all that apply. Select the items that describe what happens at the equilibrium price. Producers supply the exact goods th
malfutka [58]
Answers are: 
<span>Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price
</span><span>Producers use their resources efficiently

At the equilibrium price, the quantity bought= quantity sold. Consumers have enough goods at the given price, meaning that there isn't anyone who wants to buy the good at that price but can't, and producers use their resources efficiently.

The whole economy does not waste resources, since this is the market-efficient outcome, and there aren't many shortages or surpluses for the same reason. </span>
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The _______ is the act of Limiting the amount of certain goods that civilians can buy
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Why has caricom produced limited improvements in interregional trade??
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3 years ago
Makers Corp. had additions to retained earnings for the year just ended of $261,000. The firm paid out $194,000 in cash dividend
gladu [14]

Answer:

a. $3.5 per share

b. $1.49 per share

c. $38.38 per share

d. 1.93 times

Explanation:

The computation is shown below:

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= $455,000 ÷ 130,000 shares

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