Which of the Following Is an Attempt to Reduce the Problem

question 164

Multiple Choice

Which of the following is an attempt to reduce the problem of asymmetric information?

• A)When someone is applying for a job, the employer checks references to determine the previous work habits of the applicant.
• B)An insurance company requires people who want to purchase life insurance to take a physical exam.
• C)When someone is considering buying a used car from a dealership, the potential buyer requests documentation of the repair history of the car.
• D)All of the above are correct.

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Definitions:

Ill-Structured Problem

A problem for which the existing and desired states are unclear and the method of getting to the desired state is unknown.

Confirmation Bias

The tendency to search for, interpret, favor, and remember information in a way that confirms one's preexisting beliefs or hypotheses.

Operant Behavior

A type of learning where behavior is controlled by consequences, including rewards and punishments.

Daily Exercise

Regular physical activity performed on a daily basis to maintain or improve one's health and fitness.