An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible
b. they do not classify clients into different risk types according to their claim history
c. they classify clients into different risk types according to pre-existing conditions
d. they do not require a co-payment
c
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What is the marginal rate of substitution and how does it relate to an indifference curve?
What will be an ideal response?
Although a corporation that is owned by its member banks, the Federal Reserve System
a. reports directly to the president in an annual report. b. is quite independent of them, and they receive almost none of the Fed's profits. c. is administered by Congress and all its profits are distributed to the member banks. d. turns all its profits over to the state governments of each district bank.