​Adverse Selection Happens Because

question 34

Multiple Choice

​Adverse selection happens because

• A)​One of the parties has more information about itself then the other party
• B)Individuals that the principle want to least select are the ones more likely to apply
• C)Parties most likely to accept an offer would be least qualified 
• D)​All of the above

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Definitions:

Arbitrator

An independent person or body officially appointed to settle a dispute.

Litigation Process

The series of actions taken to pursue a legal case in court, from filing the initial complaint to the final judgment.

Binding Decisions

Decisions that are legally enforceable and must be adhered to by the parties involved.

Labor Union

An organization that represents the collective interests of workers in negotiations with employers over wages, working conditions, and other employment terms.