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Author Question: When future events cannot be assigned probabilities, we are talking about A) risk. B) ... (Read 26 times)

lak

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  • Posts: 546
on: Jul 1, 2018
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

  • Sr. Member
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  • Posts: 302
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


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