Multiple Choice
Governments choose to mandate participation in a program, such as auto insurance, when:
A) the functioning of the market or program is thought to be in the public interest.
B) the market or program would not otherwise exist.
C) the market or program would otherwise exist illegally.
D) None of these are true.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: The government can help solve an information
Q46: The used car market:<br>A)exemplifies the "lemons" problem.<br>B)displays
Q47: A motorist who chooses high-deductible auto insurance
Q48: Disclosure laws are an example of how
Q49: A good reputation in a market:<br>A)is easy
Q51: Moral hazard focuses on_, while adverse selection
Q52: Which of the following is an example
Q53: Asymmetric information in a transaction can result
Q54: Imbalances in information can cause problems between:<br>A)buyers
Q55: Statistical discrimination:<br>A)can limit individuals' opportunities simply because