Adverse selection applies to a case in which the purchasers and distributors of the insurance policy don't have the same details at their fingertips. A typical definition of health insurance is where a person wants to learn if he is ill and in need of health coverage before paying for a health insurance package.
Examples of adverse selection in life insurance involve cases when a person with a high-risk career, such as a racing car driver or someone dealing with weapons, obtains a life insurance policy without the need for an insurance provider realizing that they have a risky position.
The correct answer is letter "E": significantly lowered the costs of shipping goods over long distances.
Explanation:
Containerization is the method of transporting goods in containers. These technique has become standard in freight transport having regulated the dimensions and maximum capacity of materials being moved. One of the big advantages containerization has provided is to transport different materials from different entities all together which implies sharing the costs of the same container, something that lowers the price of the transportation regardless if it is domestic or international.
