This topic contains a solution. Click here to go to the answer

Author Question: Which of the following represent examples of adverse selection? A) Unhealthy people are more ... (Read 50 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

E

Answer to Question 2

D




RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Jul 1, 2018
Excellent


dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

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?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

For a complete list of videos, visit our video library