1. The U.S. population is changing through the increase of the number of older Americans. The answer to your question is A.
2. Text messaging is the one that has been invented in the las 10 years. The answer to your question is A.
3. People are able to have international careers because of changes in global communication. The answer to your question is B.
I hope that this is the answer that you were looking for and it has helped you.
Answer:
Adverse selection; Moral hazard
Explanation:
Asymmetric information refers to a situation in which one person have more information about the other person while engage in a transaction.
Suppose there are a buyer and a seller in a insurance market. In this market, a buyer have more information than the insurance seller because he knows better about his health condition and how much he is involved in riskier activities. Therefore, this problem is known as adverse selection.
Moral hazard refers to a problem which occurs after the transaction has occured. It occurs when someone try to engage in riskier activities because he or she knows that other party bears the burden of cost if there is anything goes wrong.
Karam, who lives in India.
Indian culture completely prohibits cohabiting before marriage and whoever does it is frowned upon by the society. In Sweden, almost everybody cohabits before marriage. the USA society is multifaceted.