The Pattern in Which Insurance Is Purchased More Frequently by Those

question 54

Multiple Choice

The pattern in which insurance is purchased more frequently by those who are the most costly for companies to insure is referred to as:

• A)adverse selection.
• B)statistical discrimination.
• C)risk aversion.
• D)moral hazard.

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Definitions:

Anthropologists

Scientists who study humanity, with a focus on culture, behaviors, and biological aspects and how they vary or remain constant across human populations.

Çatalhöyük

A neolithic archaeological site in South Anatolia, Turkey, known for its well-preserved artifacts and insights into early human urban settlement.

Fertile Crescent

A historical region in the Middle East known for its rich soils and contributions to early agricultural development and civilization.

Teotihuacan

An ancient Mesoamerican city located in what is now Mexico, known for its vast size, complex urban planning, and monumental structures such as the Pyramid of the Sun and the Pyramid of the Moon.