Tipping is a(n) ____________ solution.
A) nonmarket
B) immoral hazard
C) market

Name: Tipping is a(n) ____________ solution. A) nonmarket B) immoral hazard C) market
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Tipping is not a market solution because it is not an exchange based on the value of the good or service provided. It is also not an immoral hazard, as that term does not accurately describe the concept of tipping. Therefore, the best answer is A, nonmarket, as tipping is an extra payment made outside of the regular price for a service.

Tipping Is A(n) ____________ Solution