Multiple Choice
Lazy Lucy's parents decided that they would only pay her tuition if she passes all her classes.They would stop paying her tuition if she procrastinates and fails her courses.Lucy's parent's decision is a solution to a ________problem.
A) Adverse selection
B) Moral hazard
C) Forced bankruptcy
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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