In the market for automobile insurance, moral hazard implies that
A) those who are insured might take greater risks.
B) those who are uninsured might take greater risks.
C) insured and uninsured alike will take greater risks.
D) drivers with greater risks are more likely to buy insurance.
A
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Which of the following is not an example of a transfer payment?
A. social security. B. sales tax. C. unemployment benefits. D. workman’s compensation.
Technically speaking, in what year did the "Great Recession" end?
a. 1933 b. 1935 c. 2007 d. 2009 e. It had not ended as of 2011.
In the demand-supply graph for a good, a price floor can be illustrated by a vertical line segment
a. True b. False Indicate whether the statement is true or false
Mutual funds have:
A. increased the risks associated with constructing a portfolio. B. reduced the costs associated with gathering information on stocks and bonds. C. increased the transactions costs associated with participating in financial markets. D. been created for very wealthy individuals with a lot of money to invest.