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Author Question: Lindsey's auto-insurance company issued her a policy that required the installation of a devise that ... (Read 66 times)

jerry coleman

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on: Jul 1, 2018
Lindsey's auto-insurance company issued her a policy that required the installation of a devise that monitors her driving habits. Lindsey is confused because she had never gotten into an accident before she bought the insurance. The insurance company is protecting itself against
 a. Adverse selection
  b. Moral hazard
 c. Bad drivers
 d. None of the above

Question 2

Scott used 4,000,00 . from his savings account that paid an annual interest of 5 to purchase a hardware store. After one year, Scott sold the business for 4,100,000 . His accountant calculated his profit to be:
 a. 300,000
  b. 100,000
  c. 80,000
  d. 20,000


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nathang24

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

b

Answer to Question 2

b


jerry coleman

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Reply 2 on: Jul 1, 2018
:D TYSM

gcook

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

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