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Author Question: Which of the following is an example of a hidden characteristic? A) After purchasing life ... (Read 34 times)

clmills979

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Which of the following is an example of a hidden characteristic?
 
  A) After purchasing life insurance, Billy joins the bomb squad.
  B) Only the owner knows about her car defects.
  C) Bobby let his employer know about his college degree.
  D) Sally provides her driving record to the car insurance company.

Question 2

The lemons problem is due to
 
  A) asymmetric information.
  B) moral hazard.
  C) hidden actions.
  D) symmetric information.


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Liamb2179

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clmills979

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


dreamfighter72

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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