The Pre-Existing Condition Insurance Plan is a federally ...

[melina_rosy]

The Pre-Existing Condition Insurance Plan is a federally administered part of the Affordable Care Act, and is designed for people with pre-existing medical conditions to obtain insurance. By offering health insurance to all U.S.
 
  citizens with pre-existing medical conditions, the Pre-Existing Condition Insurance Plan eliminates ________ for both the insurer and the insured, and eliminates ________ for the issuer of the insurance policy.
  A) the principal-agent problem; moral hazard B) adverse selection; the principal-agent problem
  C) asymmetric information; adverse selection D) moral hazard; adverse selection

Question 2

Consider the following economic agents:
  a. the government
  b. consumers
  c. producers
 
  Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy?
 
  A) producers
  B) consumers
  C) the government, consumers, and producers
  D) the government
  E) consumers and producers

[AngeliqueG]

Answer to Question 1

C

Answer to Question 2

C

[melina_rosy]

Correct answers!

[AngeliqueG]

Great! Please up vote