Adverse Selection Is a Situation Where Customers Who Most Need

question 50

True/False

Adverse selection is a situation where customers who most need insurance are more likely to apply for insurance.

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Definitions:

Second Darwinian Revolution

A period of extended scientific research and discussion that further explores and builds upon Charles Darwin's theory of natural selection.

Nearsightedness

A common vision condition in which close objects appear clearly, but distant ones do not, also known as myopia.

Mutation

A random error in gene replication that leads to a change.

Epigenetic Mark

Chemical modifications to DNA or histones that change gene activity without altering the DNA sequence, affecting how genes are expressed.