Suppose a Person with Automobile Collision Insurance Is More Likely

question 51

Multiple Choice

Suppose a person with automobile collision insurance is more likely to try to drive on an icy road in the middle of winter than that person would be if he or she didn't have automobile collision. This is an example of

• A)adverse selection.
• B)moral hazard.
• C)the free-rider effect.
• D)asymmetric information before exchange.
• E)none of the above

---

Definitions:

Not-Sanctioned Means

Methods or approaches that are not officially approved or recognized by authority.

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs and emotions such as pride and shame.

Networking Behaviours

Refers to actions and practices individuals undertake to establish and maintain beneficial professional relationships.

Politicking

The act of engaging in political activities, often with the connotation of scheming, maneuvering, or manipulative behaviors for personal gain within an organization.