A Home Has Been on the Market for an Extended

question 137

Multiple Choice

A home has been on the market for an extended amount of time without much interest from buyers. The sellers decide to purchase and include a home warranty insuring against major defects with the home. The warranty is an example of a(n)

• A)signal.
• B)screen.
• C)moral hazard.
• D)adverse selection.

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Definitions:

Rate Law

An equation that relates the rate of a chemical reaction to the concentration of its reactants, often in the form rate = k[A]^x[B]^y, where k is the rate constant.

Chlorination

A chemical process that introduces chlorine atoms into a molecule.

Acetone

A volatile, colorless liquid used as a solvent and an antiseptic; it's the simplest and most important of the ketones.

ΔH°

The standard enthalpy change of a reaction, indicating the overall heat absorbed or released under standard conditions.