A key problem facing insurance companies is that people know more about their own health than do insurance companies, and that those people who are seriously ill are the ones most likely to want to obtain health insurance. This phenomenon is called

A) adverse selection.
B) asymmetric information.
C) moral hazard.
D) a premium death spiral.

B

Economics

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If the U.S. dollar appreciates relative to the British pound, then we pay fewer dollars for a pound

a. True b. False Indicate whether the statement is true or false

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