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Author Question: Which of the following illustrates adverse selection? a. Individuals sometimes mistakenly buy ... (Read 46 times)

jace

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on: Jul 1, 2018
Which of the following illustrates adverse selection?
 a. Individuals sometimes mistakenly buy defective cameras.
  b. Individuals will not search for bargains for low cost items.
  c. Individuals know a lot about their family health history when they buy insurance.
  d. Individuals can choose whether to drive safely or not.

Question 2

Which of the following addresses agency costs
 a. spot checks of the quality of employee work
  b. hiring only from job fairs
  c. instituting longer work days
  d. reducing the number of holidays


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Kaytorgator

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

c

Answer to Question 2

a


jace

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

aliotak

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

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