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Adverse selection is economically inefficient because: A.lower risks will tend to underinsure. B.higher risks will tend to overinsure C.all clients will tend to overinsure. D.answers (a) and (b) are correct.
Adverse selection is economically inefficient because higher risks will tend to overinsure.
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Asked 5/19/2014 8:20:03 PM
Updated 5/20/2014 5:57:25 AM
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Adverse selection is economically inefficient because higher risks will tend to overinsure.
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Added 5/20/2014 5:57:25 AM
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Moral hazard refers to: A.illegal behavior by insurers. B.illegal behavior by consumers. C.consumers choosing particular plans based on their health statuses. D.behavior that occurs solely because of the contractual insurance arrangement.
Weegy: Moral hazard refers to illegal behavior by consumers. User: When a good’s price falls, we typically buy more because: A.the marginal utility per dollar increases. B.the effective income rises. C.preferences change. D.answers (a) and (b) are correct. (More)
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Updated 5/20/2014 5:59:24 AM
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Moral hazard refers to: behavior that occurs solely because of the contractual insurance arrangement.
Added 5/20/2014 5:59:23 AM
This answer has been confirmed as correct and helpful.
When a good s price falls, we typically buy more because: A.the marginal utility per dollar increases. B.the effective income rises. C.preferences change. D.answers (a) and (b) are correct.
Weegy: When a good's price falls, we typically buy more because answers (a) and (b) are correct. (More)
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Asked 5/19/2014 8:15:53 PM
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what is 34-5=
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Updated 5/18/2014 7:54:24 AM
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34 - 5 is 9.
Added 5/18/2014 7:54:24 AM
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