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 57 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
YES! Correct, THANKS for helping me on my review

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Balancing selection and heterozygote advantage. Balancing selection and heterozygote advantage.
Flower part number is a characteristic difference between monocots and eudicots Flower part number is a characteristic difference between monocots and eudicots
cell line selection cell line selection
Difference Between Solar and Sidereal Day Difference Between Solar and Sidereal Day
On the Flexible Item Selection Task (FIST) children are presented with three cards On the Flexible Item Selection Task (FIST) children are presented with three cards
An electron is accelerated from rest through a potential difference. After acceleration the ... An electron is accelerated from rest through a potential difference. After acceleration the ...
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library