This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Adverse selection in competitive insurance markets harms a. high-risk individuals. b. low risk ... (Read 122 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
Adverse selection in competitive insurance markets harms
 a. high-risk individuals.
  b. low risk individuals.
  c. owners of competitive insurance companies.
  d. everyone.

Question 2

Adverse selection arises in insurance markets because
 a. insurance buyers have more information than insurance sellers.
  b. insurance sellers have more information than insurance buyers.
  c. individuals can select which insurance company to patronize.
  d. insurance companies can exercise too much control over whom they insure.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
Excellent

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The FDA recognizes 118 routes of administration.

The Warm Mineral Springs individuals from Florida may be among the earliest Paleo-Indian skeletal re The Warm Mineral Springs individuals from Florida may be among the earliest Paleo-Indian skeletal re
The High Plains Aquifer The High Plains Aquifer
Risk Factors for Cardiovascular Disease Risk Factors for Cardiovascular Disease
This advertisement from about 1885 represents an early stage of capitalism when individuals were ... This advertisement from about 1885 represents an early stage of capitalism when individuals were ...
Evolution and Natural selection shapes organisms and diversity Evolution and Natural selection shapes organisms and diversity
The effect of selection on allele frequency The effect of selection on allele frequency
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library