Pup 3002 Test 2 – Questions With Right
Solutions
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Terms in this set (122)
In the United States, what The Federal Reserve Board
is responsible for
managing the supply of
money in the economy?
_____ has to do with taxing fiscal policy
and spending.
What is the Nash player 1 receives $9 and player 2 receives $1
equilibrium of the
Ultimatum game where
player 1 starts with $10
and player 2 starts with
$0?
The increase in the economic growth.
market value of the
goods and services
produced by an
economy is
Card and Krueger (1994, an increase in employment.
2000) studied the effects
of minimum wage on
employment in the fast
food industry. They found
evidence that an increase
to the minimum wage
resulted in
,_____ involves taking from redistribution
the people who have
more income and giving
to the people who do
not have enough income.
During a recession, the copy
Keynesian solution is for
government spending to
Most people receive _____ more
in social security benefits
compared to the
contributions that they
put in.
Thousands of more than
experimental studies
have put to test the
expectations of the
Ultimatum game and
reveal that contributions
are _____ the model
predicts.
a. less than
b. more than
c. exactly what
During a recession, the decrease
Classical solution is for
government spending to
a. decrease.
b. increase.
c. remain the same.
Which of the following A family does not install a smoke alarm because
best illustrates moral they have fire insurance.
hazard?
, What is it called when the community rating
price of health insurance
for an individual is based
on the expected health
costs of the larger
population within which
they live?
To correct for moral co-payments
hazard problems, health
insurers use
In a(n) ____ program, means tested
recipients must
demonstrate evidence of
low income as well as
other factors in order to
be enrolled.
The set of individuals risk pool
covered by an insurance
plan is called a
Some scholars argue that path dependent
health systems
developed by nations are
____, with their current
systems resulting from
historical circumstances.
The price of health risk profile
insurance varies from
individual to individual
based on characteristics
like age, weight, and
habits. These
characteristics are part of
an individual's
Solutions
Save
Terms in this set (122)
In the United States, what The Federal Reserve Board
is responsible for
managing the supply of
money in the economy?
_____ has to do with taxing fiscal policy
and spending.
What is the Nash player 1 receives $9 and player 2 receives $1
equilibrium of the
Ultimatum game where
player 1 starts with $10
and player 2 starts with
$0?
The increase in the economic growth.
market value of the
goods and services
produced by an
economy is
Card and Krueger (1994, an increase in employment.
2000) studied the effects
of minimum wage on
employment in the fast
food industry. They found
evidence that an increase
to the minimum wage
resulted in
,_____ involves taking from redistribution
the people who have
more income and giving
to the people who do
not have enough income.
During a recession, the copy
Keynesian solution is for
government spending to
Most people receive _____ more
in social security benefits
compared to the
contributions that they
put in.
Thousands of more than
experimental studies
have put to test the
expectations of the
Ultimatum game and
reveal that contributions
are _____ the model
predicts.
a. less than
b. more than
c. exactly what
During a recession, the decrease
Classical solution is for
government spending to
a. decrease.
b. increase.
c. remain the same.
Which of the following A family does not install a smoke alarm because
best illustrates moral they have fire insurance.
hazard?
, What is it called when the community rating
price of health insurance
for an individual is based
on the expected health
costs of the larger
population within which
they live?
To correct for moral co-payments
hazard problems, health
insurers use
In a(n) ____ program, means tested
recipients must
demonstrate evidence of
low income as well as
other factors in order to
be enrolled.
The set of individuals risk pool
covered by an insurance
plan is called a
Some scholars argue that path dependent
health systems
developed by nations are
____, with their current
systems resulting from
historical circumstances.
The price of health risk profile
insurance varies from
individual to individual
based on characteristics
like age, weight, and
habits. These
characteristics are part of
an individual's
