A Person Who Starts Practicing Poisonous Snake Charming After Signing

question 24

Multiple Choice

A person who starts practicing poisonous snake charming after signing a contract with a health insurance company is an example of

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

---

Definitions:

Firm Controls

Strict rules or guidelines implemented to regulate behavior or operations within an organization or system.

Responsive

Being quick to react or respond appropriately to changes or stimuli.

Demanding

Requiring or claiming more than is generally regarded as due; often implies a challenging or high requirement of effort, skill, or attention.

Social Setting

Refers to the physical or social context in which people live, work, or interact.