QUESTION1 The following is an example of adverse selection o a A majority of tho

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QUESTION1 The following is an example of adverse selection o a A majority of those applying for well paid jobs are under qualified uals living in less secure neighborhoods want to buy less insurance C. Individuals with a strong family history of heart diseases opt to buy less insurance d.More reckless drivers opt for cars with fewer safety devices QUESTION2 Cooking Wolk No-name brand High-end professional series Value to professiona Value to home users S50 $70 Click Save and Submit to save and submit. Click Save All Answers to save all onswers. Save All Answ 5 6 7 8 9 O F E R T O P C V B N M Alt

Explanation / Answer

a is correct

Adverse selection refers to the Situation when one party has more information than other party.

People applying for well paid jobs do not have the complete information about the company's requirements. They are under qualified but yet apply because they don't have the complete information about the employer.

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