Author Question: When future events cannot be assigned probabilities, we are talking about A) risk. B) ... (Read 46 times)

lak

  • Hero Member
  • *****
  • Posts: 546
When future events cannot be assigned probabilities, we are talking about
 
  A) risk.
  B) uncertainty.
  C) a clouded future.
  D) financial risk.

Question 2

A person who generally drives without a seat belt on does not reveal this to his automobile insurance company before he purchases insurance. This is an example of
 
  A) adverse selection.
  B) moral hazard.
  C) signaling.
  D) screening.



yifu223

  • Sr. Member
  • ****
  • Posts: 302
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

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?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

For a complete list of videos, visit our video library