--%>
Assignment Help - homework help

Occurrence of Adverse Selection

When an NFL football team obscures information regarding damage to a former all-pro linebacker’s knees prior to trading him to the other team, the team which receives that player loses since of: (1) Immoral hazard. (2) Malfeasance. (3) Perverse selection. (4) Adverse selection.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Problem Bilateral Monopoly The word

    The word economists employ to explain a condition where a powerful seller confronts the powerful buyer is: (1) Reciprocal exploitation. (2) Strategic bloc management. (3) Dialectical bargaining. (4) Ancillary reciprocity. (5) Bilateral monopoly.

    Q : Profit-maximizing firms with monopsony

    Unlike the competitive employers, profit-maximizing firms with the monopsony power will: (1) Set any salary they want and hire as lots of workers as they want. (2) Make any amount and charge any price they desire for output. (3) Be expected to try to make the most of

    		•
  • Q : Natural monopolies closely regulated by

    Inside the United States, public utilities like natural gas lines or electric companies are frequently: (w) quite competitive while they vie for the consumer's dollars. (x) natural monopolies which are closely regulated by government. (y) seldom closely regulated thro

    		•
  • Q : Profits predict by structure conduct

    When cost structures and market demands were identical for each of the given types of firms, in that case the structure-conduct-performance paradigm would predict the greatest profits for: (1) pure monopolist. (2) price-discriminating monopolist. (3)

    		•
  • Q : Standard of Income Distribution

    According to the requirements standard of income distribution: (w) marginal productivity is easily measured. (x) people’s needs are proportional to their marginal products. (y) income must be distributed in proportion to people’s needs. (z

    		•
  • Q : Positively sloped demand curve of

    When your income is positively and closely tied to the price of a specific product, a raise in its price might cause: (1) The income effect which, in severe conditions, yields a positively sloped demand curve. (2) You to go bankrupt. (3) The powerful positive substitu

    		•
  • Q : Effected income of a small changes The

    The income effect of a small change in wage rate in demonstrated figure of Glynn dominates the substitution effect at: (1) point a. (2) point b. (3) point c. (4) point d. (5) every point specified in the figure.

  • Q : Implicit Costs definition The Implicit

    The Implicit costs are: (i) The opportunity costs of resources contributed by the firm’s owner. (ii) Costs that need a cash outlay. (iii) Usually comprised in the computation of accounting profit. (iv) Fictional costs which do not influence the

    		•
  • Q : Implication of the law of demand The

    The law of demand implies a relationship which: (i) Apply merely in the market economy. (ii) Needs government enforcement to work. (iii) Is negative among price and quantity demanded. (iv) Applies merely whenever scarcity is cured.

  • Q : Maximizing utility from consumption of

    Given that a MU of French fries of 35 utils and a MU for serving of potato chips at 25 utils, when their respective prices are $1.50 and $.80, the person who wants to maximize utility from the consumption of both of such goods would consume: (i) The similar amount of

    		•