Adverse selection is
a. when people act differently because they are insured
b. when more risk averse people want to be insured more
c. when people at greater risk want to be insured more
d. when your guess at a test question is wrong
c
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Suppose that the following table represents all of the possible investments in the economy. If the nominal interest rate is six percent, what is the total amount of investment in the economy? (Note: The Returns are for one period later.)
Investment Cost Returns A $100 $105 B 300 321 C 200 216 D 50 55 E 400 416
_________ percent of Americans have different residences than they did the year before.
A. 30 B. 15 C. 9 D. 22
Our capital account balance in 2009 was a
A. surplus of about $500 billion. B. surplus of about $400 billion. C. deficit of about $500 billion. D. deficit of about $700 billion.
The school of engineering at a modern university would be a supporter of the new
a. consumption theory. b. growth theory. c. monetary theory. d. construction theory.