When future events cannot be assigned probabilities, we are ...

[lak]

When future events cannot be assigned probabilities, we are talking about
 
  A) risk.
  B) uncertainty.
  C) a clouded future.
  D) financial risk.

Question 2

A person who generally drives without a seat belt on does not reveal this to his automobile insurance company before he purchases insurance. This is an example of
 
  A) adverse selection.
  B) moral hazard.
  C) signaling.
  D) screening.

[yifu223]

Answer to Question 1

B

Answer to Question 2

A