Which of the Following Describes the Concept of Adverse Selection

question 138

Multiple Choice

Which of the following describes the concept of adverse selection for consumers?

• A) It is illegal not to have car insurance if you are driving in Speedville.
• B) Your special credit card provides you with extra travel insurance.
• C) Some travellers get extra life insurance before they get on the planes.
• D) People who are more cautious tend to buy more insurance.
• E) My insurance premium has just gone up.

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Definitions:

Household Toxins

Potentially dangerous chemicals and substances often found in common household products that can be harmful to health.

ADHD

Attention Deficit Hyperactivity Disorder, a chronic condition including attention difficulty, hyperactivity, and impulsiveness.

Learning Disability

A neurological disorder that affects a person's ability to receive, process, store, or respond to information, making it difficult for them to learn at the same pace or in the same way as their peers.

Illegible

Refers to handwriting or print that is difficult or impossible to read due to poor handwriting, damage, or other factors.