Author Question: Insurers try to minimize moral hazard by a. only selling policies to individuals with high ethical ... (Read 44 times)

lak · **on:** Jul 1, 2018

Insurers try to minimize moral hazard by
a. only selling policies to individuals with high ethical standards.
b. requiring advance payments of premiums.
c. charging higher premiums to individuals than to groups.
d. charging deductibles and coinsurance.
e. refusing to sell insurance to individuals with chronic illnesses.

Question 2

The problem of scarcity
a. arises only in poor countries.
b. exists because the price of goods is too high.
c. exists because of limited resources.
d. will eventually be solved by better planning.