Which of the following make(s) insurance premiums higher than otherwise?
a. adverse selection and moral hazard
b. adverse selection, but not moral hazard
c. moral hazard, but not adverse selection
d. neither adverse selection nor moral hazard
a
Economics
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The most efficient way to encourage the growth of an infant industry is through
A) a voluntary export restraint. B) a tariff. C) a subsidy. D) an import quota.
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The market demand for a good is determined by horizontally summing the demand curves of individual consumers
Indicate whether the statement is true or false
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