Identify each of the following as an adverse selection or a moral hazard problem. (a) A person
Question:
(a) A person with car insurance fails to lock his car doors when he shops at a mall.
(b) A person with a family history of cancer purchases the most complete health coverage available.
(c) A person with health insurance takes more risks on the ski slopes of Aspen than he would without health insurance.
(d) A college professor receives tenure (assurance of permanent employment) from her employer.
(e) A patient pays his surgeon before she performs the surgery.
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a Moral hazard since it occurs after the exchange takes place b A...View the full answer
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