In Most Years, What Percentage of Applications Succeed in Being

question 31

Multiple Choice

In most years, what percentage of applications succeed in being granted parole?

• A)fewer than 25 percent
• B)fewer than 50 percent
• C)fewer than 60 percent
• D)fewer than 75 percent

---

Definitions:

Adverse Selection Problem

A situation in markets where buyers and sellers have asymmetric information, leading to high-quality goods or services being ousted by lower-quality ones.

Buyers

Individuals or entities that purchase goods or services for personal use or for resale.

Sellers

Individuals or entities engaged in the act of selling or providing goods and services to consumers or other businesses.