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Author Question: One difference between moral hazard and adverse selection is a. Moral hazard has to do with ... (Read 86 times)

mikaylakyoung

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on: Jul 1, 2018
One difference between moral hazard and adverse selection is
 a. Moral hazard has to do with unobservable characteristics of individuals
 b. Adverse selection has to do with unobservable actions of individuals
 c. Adverse selection is when individuals change their behaviors because of a contract
  d. Adverse selection is when you choose the wrong answer on a test

Question 2

If the firm hires 5 workers, the average cost equals
 a. 250
  b. 50
  c. 5
  d. Need more information


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Ahnyah

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


mikaylakyoung

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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