Which of the Following Is and Example of a Market

question 15

Multiple Choice

Which of the following is and example of a market failure caused by asymmetric information?

• A)The generation of electricity from fossil fuels creates an externality.
• B)Automobile dealers offer warranties on their used cars.
• C)Low risk individuals choose not to buy insurance.
• D)High risk individuals pay higher premiums than low risk individuals.

Grasp the concepts of the Pygmalion effect and its impact on student performance.

Comprehend the biochemical basis of depression and how it affects children.

Acknowledge the role of teachers' expectations and behavior in enhancing student achievement.

Recognize the characteristics and implications of separation anxiety disorder in children.

---

Definitions:

Gaining Commitment

The process of securing others' support and dedication towards a particular goal or course of action.

Loyalty

A strong feeling of support or allegiance to someone or something, often manifested through consistent preference or patronage.

Organizational Context

The set of circumstances or conditions, including culture and structure, that surrounds and influences the operations of an organization.

Exert Influence

The act of impacting or changing someone's behavior, actions, or perception through direct or indirect means.