The use of deductibles and coinsurance are examples of attempts by insurance companies to deal with the problem of
A) moral hazard.
B) adverse selection.
C) failure of policyholders to keep paying their premiums.
D) excessive government regulation.
A
Economics
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Retail trade is an example of
A) perfect competition. B) oligopoly. C) monopoly. D) monopolistic competition.
Economics
Assume that the economy is in a recession with a price level of P1 and output level Q1. The government then adopts an appropriate discretionary fiscal policy. What will be the most likely new equilibrium price level and output?
Refer to the graph above.
A. P2 and Q4
B. P1 and Q1
C. P2 and Q2
D. P1 and Q3
Economics