After Johan Purchased a Full Coverage Insurance Policy for His

question 10

Multiple Choice

After Johan purchased a full coverage insurance policy for his car,he is not careful and leaves his car unlocked at all times.This is an example of

• A) adverse selection.
• B) a thin market.
• C) moral hazard.
• D) asymmetric information.

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Definitions:

Mental Retardation

An outdated and insensitive term historically used to describe individuals with significant intellectual disabilities.

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by developmental delays and physical features unique to the condition.

Brain Malformation

Abnormalities in the structure of the brain that arise due to errors in the developmental process, potentially leading to various neurological deficits or conditions.

Temperament

The inherent part of an individual's personality, including mood, behavior tendencies, and emotional responses, that is evident from a young age.