Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 22 - Part VII - Frontiers of Microeconomics - Quick Check Multiple Choice - Page 478: 3

Answer

d. screening

Work Step by Step

Screening is when an uninformed party takes actions to induce the informed party to reveal private information. In this case, Kramer wishes for applicants to submit their medical information, which is private up to that point, in order to figure out the individual prices depending on the medical conditions.
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