Fire insurance policies include deductibles

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Reference no: EM131112481

Fire insurance policies include deductibles:

A. because when it comes to fire, most people are risk-averse.

B. because it is too expensive to insure fully something against fire.

C. to minimize moral hazard.

D. to maximize adverse selection.

Used-car dealers will often advertise how long they have been in business as a means of _____ their long-term _____

A. signaling; reputation

B. screening; customers

C. insuring; capital at risk

D. revealing; moral hazard

Reference no: EM131112481

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