In the market for automobile insurance, adverse selection implies that
A) those who are insured might take greater risks.
B) those who are uninsured might take greater risks.
C) insured and uninsured alike will take greater risks.
D) drivers with greater risks are more likely to buy insurance.
D
Economics
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The ideas of economist Arthur Laffer became the centerpiece for tax policy during the:
A. Ford administration. B. Clinton administration. C. Nixon administration. D. Reagan administration.
Economics
Opportunity Cost:
A. only includes explicit, out of pocket expenses. B. is the value of your next best alternative. C. is never provided in dollar values. D. would not include lost wages from working when deciding to take a vacation.
Economics