The Fact That Someone with a High Risk of Medical

question 437

Multiple Choice

The fact that someone with a high risk of medical problems is likely to buy a large amount of health insurance is an example of

• A) adverse selection.
• B) monitoring.
• C) moral hazard.
• D) screening.

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Definitions:

Exchange

A platform or process where goods, services, or securities are traded between two parties.

Wisconsin

A U.S. state located in the north-central United States, in the Midwest and Great Lakes regions, known for its dairy production and manufacturing industries.

Sporting Goods

Products and equipment designed for use in physical activities and sports.

Fishing Licenses

Legal permits required for individuals to fish in certain areas, aiming to regulate and manage fish populations sustainably.