Which of the following is an example of adverse selection
- Patrick uses the service of a mechanic to inspect the condition of a second-hand Dodge he is interested in buying.
- Thomas refuses to pay for the construction of a swimming pool in his neighborhood that will be open to the public free of cost.
- Harry refuses to buy health insurance at high premiums because he feels that he is in good health.
- When the National Museum increased its entry fee, there was a reduction in its sale of tickets.
Harry refuses to buy health... View the full answer