Which of the following concepts is MOST consistent with a situation in which an individual takes out insurance for their

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Which of the following concepts is MOST consistent with a situation in which an individual takes out insurance for their

Post by answerhappygod »

Which of the following concepts is MOST consistent with a
situation in which an individual takes out insurance for their home
and contents, and then fails to take adequate security precautions
(such as locking their door when they leave the premises) because
they know they are insured for any losses:
Asymmetric information
Moral hazard
Adverse selection
Risk management
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”