Author Question: The cost of group health insurance is lower than if an individual buys a policy on his own because ... (Read 354 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
The cost of group health insurance is lower than if an individual buys a policy on his own because
 
  A) moral hazard costs of a group tend to move to a low average.
  B) insuring a group eliminates the problem of buyers having more information than the seller.
  C) it is easier for the company to deny claims from a large group.
  D) the problem of adverse selection is reduced.

Question 2

What are the transactions that the balance of payments accounts record?
 
  What will be an ideal response?


mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

D

Answer to Question 2

The current account records payments for imports of goods and services from abroad, receipts from exports of goods and services sold abroad, net interest income paid abroad, and net transfers abroad (such as foreign aid payments). The capital and financial account records foreign investment in the U.S. minus U.S. investment abroad. Any statistical discrepancy is also recorded in the capital account. The official settlements account records the change in U.S. official reserves.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

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?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

For a complete list of videos, visit our video library