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Jim Used to Be Very Careful with His Car

question 84

True/False

Jim used to be very careful with his car. However, once he bought full auto insurance on it, he stopped turning on his alarm or even locking it when parking it. This is an example of adverse selection.


Definitions:

Workers' Councils

Bodies formed by workers in various sectors to represent their interests, often in the context of self-management or industrial democracy.

Labor Recruitment

The process by which companies identify and screen candidates to fill job vacancies.

Internal Labor Markets

Employment markets within a company that prioritize the hiring and promotion of existing employees over external candidates.

Work Autonomy

The degree of freedom and independence an individual has in their job, especially regarding their tasks and how they complete them.

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