Alex just got a new car.Because Alex obtained full coverage insurance,according to the concept of _____,Alex will _____
A) moral hazard;find the safest place to park his car.
B) statistical discrimination;no longer worry about the street gangs that hang out in his neighborhood.
C) adverse selection;drive less cautiously.
D) moral hazard;spend less time searching for a safe parking spot than if he had no insurance.
Correct Answer:
Verified
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