1)
Adverse selection can be caused by ....
A.
market failure
B.
moral hazard
C. asymmetric information
D.
average risk
2)
What do people use when they form their views about the future that assumes
they do?
A. Past trends
B.
Insurance
C.
Symmetric information
D.
Average risk
3)
What does advertising manipulate?
A.
Consumer desire.
B. Consumer taste.
C.
Consumer sensitivity.
D.
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