Purchase health insurance

Reference no: EM133731925

Question

Sue has just finished high school and is about to enter college. When asked if she is going to purchase health insurance, she replies that she does not need it because she is in good health and has no family history of illness. Sam, on the other hand, when asked the same question, says she is going to buy health insurance because she just found out that some of her extended family have been diagnosed with a debilitating genetic condition. In economics, this is considered an example of Group of answer choices Incomplete information costs Game theory Moral hazard Smart decision making Adverse selection.

Reference no: EM133731925

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