Practice Quiz 3 - Economics 101-300 Quiz#3 20 points...

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Economics 101-300 Quiz #3 20 points INSTRUCTIONS: You have 50 minutes to complete the quiz. Please make sure to fill in your name on the line below. Please read each question carefully and answer it fully. Answer all of the questions in this quiz. Point values for each question are listed with the question. Write your answers directly on this document. If the question is multiple choice, circle the letter of the answer you believe is correct. For analytical questions, work out your answer on the paper in the space given. We can give partial credit even if the answer is incorrect if we see the work and can figure out where the problem is. Turn in this entire document when you are finished. Take your time, and good luck. Your name___________________________________________ 1) (3 points) Which of the following is an example of adverse selection: a) The only people who purchase health insurance are people who are already sick. b) Melika purchases both stocks and bonds for her portfolio. c) Investors who compare two assets with the same expected value choose the one with lower risk.
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