Author Question: Adverse selection arises in the health insurance market because ________. A) buyers have private ... (Read 66 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?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library