哈伯德英文版微观经济学练习c17.docVIP

Microeconomics - Testbank 1 (Hubbard/OBrien) Chapter 17 The Economics of Information 1) When one party to an economic transaction has less information than the other party it is known as: A) moral hazard. B) economic irrationality. C) asymmetric information. D) adverse selection.  2) When people who buy insurance change their behavior because they are protected from loss by the insurance, the insurance market exhibits: A) moral hazard. B) adverse selection. C) asymmetric information. D) economic irrationality. 3) When an insurance company attracts buyers wh