Examlex
Which of the following is not a type of insect pheromone?
Health Insurance
A type of insurance that covers the whole or part of the risk of a person incurring medical expenses, spreading the risk over numerous individuals.
Adverse Selection
A situation in which sellers have information that buyers do not have, or vice versa, leading to an inefficient market outcome.
Moral Hazard
A situation in which there is a tendency to take riskier behavior when protected from the consequences of that behavior, often seen in insurance and finance.
Asymmetric Information
A situation in economics where one party in a transaction has more or better information than the other, leading to potential imbalances in decisions and market outcomes.
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