Examlex
Your friend asks you for advice as to how he can improve his communication with his health care provider. Which of the following would you NOT offer him?
Shirking
Avoiding or neglecting duties, responsibilities, or work, often covertly, to reduce personal effort while still receiving compensations or benefits.
Working Diligently
Refers to the act of putting consistent and earnest effort into one's tasks or duties.
Moral Hazard
A scenario in which an entity is prone to engage in risky behaviors knowing that another party will shoulder the consequences of such risks.
Adverse Selection
Adverse selection also pertains to the tendency of those in dangerous jobs or high-risk lifestyles to acquire life or health insurance to a greater extent than those with lower-risk profiles, thereby distorting the market.
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