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Author Question: Which of the following represent examples of adverse selection? A) Unhealthy people are more ... (Read 31 times)

RODY.ELKHALIL

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on: Jul 1, 2018
Which of the following represent examples of adverse selection?
 
  A) Unhealthy people are more likely to want health insurance.
  B) Careless drivers purchasing extra auto insurance.
  C) Risk averse individuals choosing to buy extra insurance.
  D) all of the above
  E) A and B only

Question 2

Inefficient outcomes can arise in markets for public goods because:
 
  A) too much of an exclusive good is produced.
  B) too little of an exclusive good is produced.
  C) too much of a nonexclusive good is produced.
  D) too little of a nonexclusive good is produced.


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LegendaryAnswers

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

E

Answer to Question 2

D


RODY.ELKHALIL

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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