Government mandating that every driver have a minimum amount of car insurance addresses the problem of:
A. moral hazard.
B. illegal screening.
C. adverse selection.
D. statistical discrimination.
C. adverse selection.
Economics
You might also like to view...
If the nominal interest rate is 0% and the real interest rate is 2%, what is the inflation rate?
A) -2% B) 2% C) -4% D) 0%
Economics
Which of the following is most likely to be private property?
A) bees B) house flies C) farm raised chickens D) winds
Economics
Government action can usually perfectly correct the market's shortcomings
a. True b. False Indicate whether the statement is true or false
Economics
What is aggregate demand? What are its major components?
What will be an ideal response?
Economics