In the market for insurance, low risk customers are not served because
a. They do not like buying insurance
b. They are more costly to serve
c. Products designed to be attractive to them are also attractive to high risk types.
d. All of the above
c
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Which of the following statements is true?
A) Arguments based on anecdotes are always true. B) In the scientific method, anecdotes are more important than data. C) Arguments by example are appropriate when contradicting a blanket statement. D) It is easier for a researcher to jump to a wrong conclusion when she uses a large data set.
The quantity of goods and services that can be produced by one worker or by one hour of work is referred to as
A) human capital. B) labor productivity. C) technology. D) real GDP.
The information technology revolution seems to have had its greatest positive effect on labor productivity growth in the ____ period.
A. 1948–1973 B. 1973–1995 C. 1995–2005 D. 1948–2005
The means of payment function of money refers to the common unit for measuring how much something is worth
a. True b. False