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tlc_71111 tlc_71111
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4 years ago

Question 1.

Buyers and sellers use ________ to communicate the quality of goods and services in a world of uncertainty.



▸ asymmetric information

▸ market signals

▸ expected value

▸ moral hazards

Question 2.

You cause a fire insurance company to face a moral hazard problem when you take ________ you buy fire insurance from the company.



▸ fewer precautions to prevent fires after

▸ more precautions to prevent fires after

▸ fewer precautions to prevent fires before

▸ the same precautions to prevent fires before and after
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 67 times
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Do What Makes You Come Alive
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amw87470amw87470
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tlc_71111 Author
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#2
4 years ago
This helped my grade so much
Do What Makes You Come Alive
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#3
4 years ago
Perfect
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