Regarding the purchasing of INSURANCE in particular, the most important difference(s) between "adverse selection" and "moral hazard" in general is/are that
A. adverse selection deals with "hidden information," whereas moral hazard deals with "hidden actions."
B. usually the insurer worries more about adverse selection BEFORE the insurance is purchased, whereas it worries more about moral hazard AFTER the insurance is purchased.
C. Both of the above statements are true.
D. None of the above statements are true.
Answer: Both of the above statements are true.
Economics
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Capital is appropriately classified as a
a. flow. b. process. c. stock. d. growth rate.
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In the United States in 2016, the percentage of firms that employed more than 200 workers and offered health insurance as a fringe benefit to the workers was about
A) 29%. B) 42%. C) 61%. D) 98%.
Economics