Which of the following is an example of adverse selection?
A) Overgrazing of a common piece of land
B) Passengers travelling in a subway without a ticket
C) A customer buying a defective appliance from a used goods market
D) The generation of a harmful chemical during the production of a good
C
Economics
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Major contributors to pollution are
a. individuals. b. firms. c. government. d. All of the above are correct.
Economics
The structure of the Social Security system is particularly advantageous to
a. blacks. b. those with life shortening diseases such as diabetes. c. groups with below average earnings and above average life expectancy. d. groups with above average earnings and below average life expectancy.
Economics