Jim used to be very careful with his car. However, once he bought full auto insurance on it, he stopped turning on his alarm or even locking it when parking it. This is an example of moral hazard.
Answer the following statement true (T) or false (F)
True
Economics
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Explain why insurance has been beneficial to markets
What will be an ideal response?
Economics
GPDI is ________ volatile than total consumption spending
A) much more B) slightly more C) slightly less D) much less
Economics
Explain how the CPI underestimates inflation with respect to college tuition
What will be an ideal response?
Economics
Between 1810 and 1850, the U.S. population living in the trans-Appalachian states increased significantly
Indicate whether the statement is true or false
Economics