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How do adverse selection and moral hazard affect the market for insurance?
High Blood Pressure
A state where the pressure of blood on the walls of arteries is excessively high, commonly resulting in health issues like heart disease.
Clinical Trial
A research investigation in which people volunteer to test new treatments, interventions or tests as a means to prevent, detect, treat or manage various diseases or medical conditions.
Probability
The calculation of the likelihood of an event's occurrence, represented as a numeric value between 0 and 1.
Ace of Spades
A specific playing card considered to be the highest card in the deck of spades in many card games.
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