Less skillful drivers are more likely to buy auto insurance with lower deductibles. Economists use this as an example of:

A. adverse selection.
B. moral hazard.
C. asymmetric selection.
D. information optimization.


A. adverse selection.

Economics

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, because the cost of these specialists is ________ than the cost of the wife (or husband) performing those chores. A) decreased; lower B) increased; higher C) decreased; higher D) increased; lower

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A plan that sets targets to cover all major aspects of the national economy is known as a/an _____ plan:

(a) interindustry (b) complete (c) comprehensive (d) economic

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Foreign aid usually consists of funds loaned at high interest rates

a. True b. False Indicate whether the statement is true or false

Economics