Relating to the Economics in Practice on Page 362: the Smart

question 120

Multiple Choice

Relating to the Economics in Practice on page 362: The smart phone app which allows skiers at a slope to report weather conditions to others would lessen the problem of

• A) moral hazard.
• B) market signaling.
• C) asymmetric information.
• D) risk-loving.

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Definitions:

10-year-old

Descriptive of a person or thing that is a decade old, often referring to the age of a child.

8-year-old

Refers to an individual or organism that is eight years of age, a developmental stage often characterized by certain cognitive, emotional, and physical developments in humans.

Gifted

Having exceptional talent or natural ability in one or more areas.

Intelligence

The mental ability to learn from experience, solve problems, and adapt to new situations or environments.