After John discovered he had a serious illness, he immediately purchased health insurance without disclosing his illness to the insurance company. This is an example of adverse selection
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In 2014, ________ of the uninsured were younger than age 35
A) about 10 percent B) less than one-third C) over half D) almost 85 percent
Economics
The least liquid asset on this list is
A) money. B) bonds. C) houses. D) stocks.
Economics
Economic efficiency and economic freedom are commonly cited as two major benefits of socialism
a. True b. False Indicate whether the statement is true or false
Economics
When a researcher evaluates the probability of an event by looking at how representative the sample is of the population of interest instead of the entire population, he is using:
a. an elimination heuristic. b. an availability heuristic. c. a representative heuristic. d. a recognition heuristic.
Economics