The fact that someone with information about a significant number of illnesses in their family history is likely to purchase health insurance is an example of
a. adverse selection.
b. monitoring.
c. moral hazard.
d. screening.
a
You might also like to view...
In perfect competition, the product of a single firm
A) has many perfect substitutes produced by other firms. B) has many perfect complements produced by other firms. C) is sold under many differing brand names. D) is sold to different customers at different prices.
The airline pilots' union and the National Education Association are examples of ______ unions.
Fill in the blank(s) with the appropriate word(s).
Government failure, when government actions lead to inefficiency, can result in
A) overprovision. B) underprovision. C) both A and B. D) neither A nor B.
The shift from wanting to own all to owning only what is needed is an example of a _________________
a. Paradigm shift b. Goal re-evaluation c. Reformation d. Retro-change