Author Question: Adverse selection arises in the health insurance market because ________. A) buyers have private ... (Read 69 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
Adverse selection arises in the health insurance market because ________.
 
  A) buyers have private information
  B) sellers have private information
  C) different firms provide different insurance schemes
  D) the number of buyers and sellers is large

Question 2

Determining who receives scarce goods by the criterion of willingness to pay tends to enhance the freedom and power of people who want the goods because
 
  A) it enables everyone to obtain at least a little of everything.
  B) it facilitates choice by everyone on the basis of their own specific situation.
  C) it gives everyone an equal chance.
  D) it makes sure the people who obtain scarce goods are the people who most deserve them.
  E) it puts genuine need ahead of politics.



lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

For a complete list of videos, visit our video library