Which of the Following Could Be Written into an Insurance

question 215

Multiple Choice

Which of the following could be written into an insurance contract in order to reduce the problem of moral hazard?

• A)co-payments for repair services 
• B)deductibles for repair services 
• C)limitations on insurance coverage 
• D)All of the above are correct.

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Definitions:

Learned Through Observation

The process of acquiring new behaviors or information by watching the actions or consequences of others' behaviors, also known as observational learning.

Bandura

Refers to Albert Bandura, a psychologist known for his work on social learning theory and the concept of self-efficacy.

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to support a need, program, and project, usually by an organization or government.

VC

Venture Capital, a type of private equity and a form of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.