Examlex
Neolithic passage graves feature __________.
Adverse Selection
A situation in which asymmetric information results in high-risk individuals being more likely than low-risk individuals to acquire insurance or another financial product, leading to market inefficiency.
Defaulting
Failing to meet the legal obligations of a loan, typically by not making the required payments.
Health Insurance Market
The sector of the economy providing plans and services for individuals to cover healthcare expenses.
Adverse Selection
A situation in markets where buyers and sellers have asymmetric information, leading potentially to a selection of undesirable outcomes, such as in insurance markets where those most likely to need coverage are also most likely to purchase it.
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