Author Question: Opportunism may occur when A) both parties have limited information. B) both parties have full ... (Read 122 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
Opportunism may occur when
 
  A) both parties have limited information.
  B) both parties have full information.
  C) one party has information the other does not.
  D) All of the above.

Question 2

In the automobile insurance market, adverse selection occurs when
 
  A) drivers with greater risks buy a policy with large deductibles.
  B) drivers with greater risks buy a policy with no deductibles.
  C) uninsured drivers drive recklessly.
  D) insured drivers drive recklessly.



yifu223

  • Sr. Member
  • ****
  • Posts: 302
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

For a complete list of videos, visit our video library