plete the following sentences: In insurance markets, from low-risk customers. In insurance markets, ✓ can arise if individuals may change their behavior after the insurance is bought, so that they behave in a more high-risk manner than they did before. In labor markets, candidates from low-skill job-candidates. In labor markets, workers ✓ can arise if insurers can't tell high-risk customers ✓ can arise if hiring firms can't tell high-skill job- ✓ can arise if managers can't observe the effort of
plete the following sentences: In insurance markets, from low-risk customers. In insurance markets, ✓ can arise if individuals may change their behavior after the insurance is bought, so that they behave in a more high-risk manner than they did before. In labor markets, candidates from low-skill job-candidates. In labor markets, workers ✓ can arise if insurers can't tell high-risk customers ✓ can arise if hiring firms can't tell high-skill job- ✓ can arise if managers can't observe the effort of
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 4PA
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Question
![Complete the following sentences:
In insurance markets,
from low-risk customers.
✓ can arise if insurers can't tell high-risk customers
In insurance markets,
✓ can arise if individuals may change their behavior
after the insurance is bought, so that they behave in a more high-risk manner than they did
before.
In labor markets,
candidates from low-skill job-candidates.
In labor markets,
workers.
✓ can arise if hiring firms can't tell high-skill job-
✓ can arise if managers can't observe the effort of](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa7b6b54a-067d-417d-9094-5b67b14fe9cf%2F24ea0a93-a406-46bf-a274-3006c45a8814%2Fs6i6qqo_processed.png&w=3840&q=75)
Transcribed Image Text:Complete the following sentences:
In insurance markets,
from low-risk customers.
✓ can arise if insurers can't tell high-risk customers
In insurance markets,
✓ can arise if individuals may change their behavior
after the insurance is bought, so that they behave in a more high-risk manner than they did
before.
In labor markets,
candidates from low-skill job-candidates.
In labor markets,
workers.
✓ can arise if hiring firms can't tell high-skill job-
✓ can arise if managers can't observe the effort of
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