Firms May Choose to Discriminate in Order to Reduce Information

question 127

True/False

Firms may choose to discriminate in order to reduce information costs associated with screening applicants.

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Definitions:

Coded

In medical contexts, it refers to the process of assigning codes to diagnoses, procedures, and symptoms for documentation and billing purposes.

Meningococcal Septicemia

A life-threatening blood infection caused by Neisseria meningitidis bacteria.

Acute

Describing a condition or illness that begins suddenly and is often severe, but usually short-lived.

Coded

Processed or marked with a system of symbols or numbers for the purposes of identification or classification, especially in medical and data contexts.