This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The difference between moral hazard and adverse selection is a. moral hazard has to do with ... (Read 61 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
The difference between moral hazard and adverse selection is
 a. moral hazard has to do with unobservable characteristics of individuals
  b. moral hazard 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

The invisible hand using Adam Smith's terminology refers to
 a. government control of the market.
  b. market forces working through the price mechanism.
  c. the money supply that serves to keep the economy working smoothly.
  d. the role of innovation in maintaining a steady rate of growth.
  e. behind-the-scenes policy making to influence how markets allocate scarce resources.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jliusyl

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

B


justinmsk

  • Member
  • Posts: 524
Reply 2 on: Jul 1, 2018
Gracias!

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Directional selection. Directional selection.
Difference between.... Difference between....
The birth weight of human infants is tightly constrained by natural selection. The birth weight of human infants is tightly constrained by natural selection.
Moral Decisions and the vmPFC Moral Decisions and the vmPFC
Positive and negative selection during T-cell development. Positive and negative selection during T-cell development.
There Is a Difference between Natural and Added Sugars There Is a Difference between Natural and Added Sugars
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library