Adverse selection is

a. when people act differently because they are insured
b. when more risk averse people want to be insured more
c. when people at a greater risk want to be insured more
d. when your guess at a test question is wrong

c

Economics

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A beneficial supply shock would cause

A) a movement up the short-run Phillips curve. B) a movement down the short-run Phillips curve. C) the short-run Phillips curve to shift upward and to the right. D) the short-run Phillips curve to shift downward and to the left.

Economics

China is not an important market for other nations' exports

Indicate whether the statement is true or false

Economics