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30. Which ethical standard most closely supports insider trading restrictions?
a. Utilitarianism
b. Human Rights
c. Justice
d. Caring
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- 2. The purpose of an ordeal mechanisms is to separate those who truly need assistance fromthose who can support themselves. True, False, or Uncertain? Support your answer with anexplanation (one to two sentences) or a diagram.Make a simple statement (Which do you think among the 3 ethical theories fits in a business policies, and why. Justify your choice by not less than 10 sentences.1) A key difficulty facing insurance companies is that people know more about their health than do insurance companies, and that those people who are seriously ill are the most likely to want to obtain health insurance. What is this phenomenon called? A) moral hazard B) economic irrationality C) asymmetric information D) adverse selection 2) An insurance company is likely to attract customers like Clancy who want to purchase insurance because he knows better that the company that he is more likely to make a claim on a policy. What is the term used to describe the situation above? A) moral hazard B) adverse selection C) asymmetric information D) economic irrationality 3) The term that is used to refer to a situation in which one party to an economic transaction has less information than the other party is A) inefficient market hypothesis. B) moral hazard. C) information disparity. D) asymmetric information. 4) Which of the following parties is…
- Questions 1. Even though Professor Ramirez deviated from the college’s policy regarding plagiarism, do you feel that she acted ethically? 2. If you were a student in this class and learned Professor Ramirez made an exception for this student, would you think she acted ethically? Explain. 3. In Table 12.1, the Six Pillars of Character are detailed. Which of these six pillars did Professor Ramirez display in consideration for her student, and how? 4. Professor Ramirez’s actions ultimately brought into question whether or not the ends justify the means. Do you feel that her leniency in this case made her a stronger or more ethical leader? Explain.The concept of market efficiency applies only in the financial market. True or False?Under which of these conditions is terrorism most likelyto occur?____ a. countries that are politically weak____ b. states with a long history of political violence____ c. nations with a foreign political occupier____ d. all of the above____ e. none of the above
- 49. Our society ranks these four ethical standards in order of most weight to least as 1) Caring, 2) Human Rights, 3) Justice then 4) Utilitarianism.a. Trueb. FalseThis is a Microeconomics problem. (a) What is adverse selection in the context of a market with asymmetric information? (b) Explain how adverse selection can cause undesirable outcomes in a health insurance industry over time.An insurance company offered drivers auto insurance. Assume that claims by safe drivers cost the insurer $1,000 over the term of the policy and claims by reckless drivers costs $5,000. Drivers know whether they are safe or reckless, but the insurer only know that 10% of drivers are reckless. a. What is the expected cost of losses to the insurance company? b. How much does the insurance company have to charge for auto insurance to break-even? Why? I found answer for part a. but I didn't find any answer for part b. Could you please post answer for part b. Please don't repeat answer from old post. I just need answer for part b. Thank you
- Suppose instead the man’s neighbor, who is not a public servant, sees the man dangling from his 4th floor patio. The neighbor springs into action, busting down the man’s door and pulling him to safety from the patio. In gratitude, the man promises to Venmo his neighbor $50,000 for saving him. Is that promise enforceable? a) No, because a promise made on account of something that the promisee has already done is not enforceable b) Yes, because legal sufficiency has nothing to do with adequacy of consideration c) Yes, because there was an offer that was accepted d) No, because the man was obviously incompetent, because only a mindless idiot would have gotten stuck like thatIn the context of asymmetric information, adverse selection and moral hazard, how does marketFailure occur? (Make reference to the insurance or financial market)Please see below. Three true or false items.
