Author Question: The problem of adverse selection in insurance results in a situation in which A) people choose ... (Read 71 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
The problem of adverse selection in insurance results in a situation in which
 
  A) people choose inappropriate or inadequate coverage because they do not understand the complex information in the policies.
  B) people choose too much coverage because they do not understand the complex information in the policies.
  C) people choose too little coverage because they do not understand the complex information in the policies.
  D) unhealthy people become more likely to buy insurance than healthy people, which drives premiums up, which drives even more healthy people away from the market.
  E) healthy people become more likely to buy insurance than unhealthy people, which drives premiums up, which drives even more unhealthy people away from the market even though they are the ones who need it most.

Question 2

Common property resources tend to be
 
  A) overused.
  B) underused.
  C) not used at all.
  D) efficiently used.
  E) used by the government only.



durant1234

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library