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
The Eudicot Leaf (Part 2)
Concept Care Map
Critical thinking and the process of planning care
Anthemius of Tralles and Isidorus of Miletus, Plan of Hagia Sophia, Istanbul.
How to solve optimization problems in calculus (Part 6)
How to integrate by parts (Part 1)