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    Microeconomics Study Set 25
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    Exam 20: Uncertainty, Risk, and Private Information
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    Individuals Differ in Risk Aversion Because Of
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Individuals Differ in Risk Aversion Because Of

Question 138

Question 138

Multiple Choice

Individuals differ in risk aversion because of:


A) adverse selection.
B) moral hazard.
C) differences in income or wealth.
D) differences in their insurance.

Correct Answer:

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