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Author Question: The problem of moral hazard arises because _____. a. individuals receive insurance through their ... (Read 73 times)

jenna1

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on: Jul 1, 2018
The problem of moral hazard arises because _____.
 
  a. individuals receive insurance through their employer, who has different incentives
  b. individuals with insurance have no incentive to avoid insured expenditures
  c. some individuals have religious objections to purchasing insurance
   d. some individuals are immoral

Question 2

How can the market demand for a product be inelastic but the demand for a particular firm is elastic?
 
  A) There is no advertising.
  B) There is a sufficiently large number of sellers.
  C) There is only one or two sellers.
  D) Buyers do not have complete information.


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Brummell1998

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

b

Answer to Question 2

B


jenna1

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Reply #2 on: Jul 1, 2018
Thank you :)


Brummell1998

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Reply #3 on: Jul 1, 2018
Happy to help you


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