Changes in the Products Americans Buy and Sell,additional Jobs,and an Improved

question 179

Multiple Choice

Changes in the products Americans buy and sell,additional jobs,and an improved standard of living are all effects of

• A)an increase in imports and an increase of exports.
• B)an increase in imports and a decrease in exports.
• C)a decrease in imports and a decrease in exports.
• D)a state of equilibrium between imports and exports.
• E)the reversal of importance between the services sector and the manufacturing sector.

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Definitions:

Moral Hazard

A situation where one party engages in risky behavior knowing that it is protected against the consequences, typically because another party bears the cost of those actions.

Car-Insurance Coverage

Protection against financial loss resulting from incidents involving a vehicle, including accidents, theft, and other damages.

Moral Hazard

A situation where one party is more likely to take risks because they do not bear the full consequences of their actions.

Auto Insurance

A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicular damage.