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

question 86

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 could be considered a form of

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

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Definitions:

Impulsive

Acting on spontaneous desires and feelings without considering the consequences or the appropriateness of the action.

Eating Disorders

Severe disturbances in eating behavior characterized by preoccupation with weight and unhealthy efforts to control weight.

Prevalence

The proportion of a population found to have a particular condition or attribute at a specific time or over a specific period.

Women

Adult human females.