If Those Who Are Most Willing to Bear Risk End

question 29

Multiple Choice

If those who are most willing to bear risk end up bearing it,then we say that the insurance market is:

• A)experiencing adverse selection.
• B)efficient.
• C)equitable.
• D)showing signs of moral hazard.

---

Definitions:

Economic Growth

An increase in a country's capacity to produce goods and services, compared from one period of time to another.

Workers

Individuals engaged in any form of employment or labor to produce goods or provide services.

Industrial Nation

A country with a significant portion of its economy based on manufacturing and industrial activities, often characterized by high levels of technology and infrastructure.

Labor Force Quality

A measure of the skills, education, and productivity of workers in an economy, which impacts economic output and growth.