These are economics questions

QUESTION 10 If a demand curve for a good is perfectly inelastic, then the seller could O a. ignore the e'ects of costs on its prots. 0 b. rely on buyers to look for other products if it increases price. 0 c. increase price and not change the number of units purchased. 0 d. sell more units by advertising. QUESTION 2 The moral hazard problem associated with unemployment insurance (UI) results in: O a. an increase in the average duration of unemployment. O b. a reduction in the number of workers who are eligible for UI. O c. a reduction in the number of firms participating in the program. O d. an increase in the average amount of weekly benefits.QUESTION 4 Which of the following is NOT true about the evolution of poverty in the United States? 0 a. The poverty rates fell for all persons, for the elderly, and for the very young in the 19605 and early 19705. O b. Poverty rates for those under 18 and those over 65 have risen since the 1960s. 0 c. The share of income received by the lowest quintile in the United States is smaller than in any other OECD nation, except Mexico. 0 d. In 2015, a family of four with an annual income below $25,100 was considered to be living in poverty. QUESTION 5 Which of the following is TRUE with respect to workers' compensation? O a. When there is a qualifying injury, fewer benefits are paid out if the injury was the worker's fault than if it were the firm's fault. O b. When there is a qualifying injury, benefits are paid out only if the injury was the firm's fault, as established by a committee paid by the federal government. O c. When there is a qualifying injury, benefits are paid out only if the injury was the firm's fault, as established in court. O d. When there is a qualifying injury, benefits are paid out whether the injury was the worker's or the firm's fault.QUESTION 6 Which of the following is a likely consequence of the current system of financing long-term care? a. Individuals have an incentive to hide their wealth. O b. Individuals are more likely to opt for long-term care. O c. Individuals have less incentive to donate to charity. O d. The current system does not affect individual incentives.QUESTION 7 Which of the following would make selling insurance to employees of a given firm problematic for the insurer in terms of risk pooling? O a. All workers are required to participate in the group insurance plan. 0 b. Workers do not take into account their health status when choosing which rm to work for. O c. The rm employs a large group of people. 0 d. Workers take into account their health status when choosing which firm to work for. QUESTION 9 Critics of supply-side economics argue that O a. supply-siders exaggerate the effects of tax cuts. Ob. the goals of supply-siders are not supported by most economists. C. incentives have no effect on behavior. d. tax cuts do not affect supply, only demand