Original language so that original message

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Reference no: EM132225285

1. Which process involves translating a message into a new language and then back into the original language so that the original message and the second translation can be compared? Multiple Choice

colloquialism translating

back translating

two-word verb translating

double translating

high-context translating

2. A provision of the Affordable Care Act states that private insurance companies cannot deny coverage to anyone because of a preexisting medical condition. By offering health insurance to people with preexisting medical conditions, this provision eliminates ________ for both the insurance company and the policy holder, and eliminates ________ for the insurance company.

A. moral hazard; asymmetric information

B. asymmetric information; adverse selection

C. asymmetric information; moral hazard

D. adverse selection; moral hazard

3. Using individuals’ judgments to calculate the value of statistical life, if the chance of death on your job in the next year is 1 in 10,000 and you would pay $2,000 to avoid that risk, the value of the statistical life is _________.

A. $2,000,000

B. $20,000,000

C. $20,000

D. $200,000

4. According to the CIA World Factbook 2014 data, the United States’ Gini coefficient is 0.45 and Brazil’s Gini coefficient is 0.519. Therefore, _____ has a higher level of income inequality.

A. the United States

B. Brazil

C. they both are the same

D. we need to see Lorenz Curve to judge.

5. The Rawlsian Social Contract believes that ________

A. Diminishing Marginal Utility

B. taxing the rich and transferring it to the poorest members of society

C. higher taxes on the rich are justified because they have received a disproportionately large benefit

D. all of the above

Reference no: EM132225285

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