Multiple Choice
Ted purchased a comprehensive insurance policy for his car. Which of the following is an example of moral hazard?
A) Because of his insurance coverage, Ted avoids driving when the roads are icy.
B) Because of his insurance coverage, Ted no longer locks his car doors.
C) Because of his insurance coverage, Ted uses a designated driver for the nights he spends bar hopping.
D) Because of his insurance coverage, Ted replaced his worn-out tires with Michelin tires.
Correct Answer:
Verified
Correct Answer:
Verified
Q56: The supply of used high-quality motorcycles is
Q57: (Figure: Theft Prevention) If an individual with
Q58: In the market for used air rifles,
Q59: Consumers value high-quality dirt bikes at $6,000
Q60: A stand-up paddleboard outfitter operates without insurance.
Q62: Eric works at an electronics store in
Q63: Suppose that a company offers insurance for
Q64: Suppose that a publisher is considering how
Q65: In a small island population, half of
Q66: Based on John List's research on sports