Microeconomics: Principles & Policy
14th Edition
ISBN: 9781337794992
Author: William J. Baumol, Alan S. Blinder, John L. Solow
Publisher: Cengage Learning
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Chapter 4, Problem 6TY
To determine
To classify the given goods into normal or inferior goods.
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Question:When compared to insurance from an employer, the direct purchase of insurance is often:
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Very cheap, because insurance from an employer helps control for adverse selection.
Very expensive, because insurance from an employer helps control for adverse selection.
Very cheap, because the direct purchase of insurance helps control for adverse selection.
Very expensive, because the direct purchase of insurance helps control for adverse selection.
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Microeconomics: Principles & Policy
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