Author Question: Jon is risk averse. When he buys insurance against all risks, then A) he knows his wealth with ... (Read 62 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
Jon is risk averse. When he buys insurance against all risks, then
 
  A) he knows his wealth with certainty.
  B) his utility exceeds his expected utility.
  C) his wealth exceeds his expected wealth.
  D) all of the above.

Question 2

The United States uses a single payer model of healthcare in which the government pays for all healthcare. Because a single payer model of health care creates no deadweight loss, most economists agree that the U.S. system of health care is efficient.
 
  A) Both sentences are false.
  B) The first sentence is false; the second sentence is correct.
  C) The first sentence is correct; the second sentence is false.
  D) Both sentences are correct.



jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

For a complete list of videos, visit our video library