After Winning the Lottery, I Have Decided to Move from My

question 42

Multiple Choice

After winning the lottery, I have decided to move from my apartment to a mansion. I have hired a professional company to move my belongings. What type of problem should I be most concerned about?

• A) diminishing returns
• B) adverse selection
• C) principal-agent problem
• D) symmetric information
• E) an adverse selection problem that became a principal-agent problem

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Definitions:

Long-Term Care

The provision of any services required by persons who are dependent on others to meet their daily needs.

Longer-Term Care

Care services provided on a prolonged basis to individuals who need assistance with daily activities due to chronic illness, disability, or age-related conditions.

Basic Needs

Fundamental requirements that serve as the foundation for survival, including food, water, shelter, and clothing.

Care Institutions

Organizations or facilities that provide care services, such as healthcare, childcare, or support for the elderly and disabled.