In the insurance industry, high-risk customers are more likely to take out insurance. This is an example of?
Correct answer
C. adverse selection
Explanation
The correct answer is adverse selection.
MCQs
Read every question, see the correct answer, and understand the explanation at your own pace. Study mode has no timer and no negative marking.
Correct answer
C. adverse selection
Explanation
The correct answer is adverse selection.
Correct answer
B. A shift in demand
Explanation
The correct answer is A shift in demand.
Correct answer
B. tropical African
Explanation
The correct answer is tropical African.
Correct answer
A. 320 units
Explanation
The correct answer is 320 units.
Correct answer
A. factor endowments
Explanation
The correct answer is factor endowments.
Correct answer
C. 20%
Explanation
The correct answer is 20%.
Correct answer
D. Domestic production of different goods and services
Explanation
The correct answer is Domestic production of different goods and services.
Correct answer
A. 50
Explanation
The correct answer is 50.
Correct answer
B. more liberal than the rank and file
Explanation
The correct answer is more liberal than the rank and file.
Correct answer
B. speculation
Explanation
The correct answer is speculation.