The source of the adverse selection problem is ______
a. that individuals with high incomes are able to pay all medical costs out-of-pocket
b. that individuals least likely to need health care do not purchase insurance
c. individuals lack important information regarding the appropriate health care for them
d. individuals desire to have comprehensive health care insurance
b
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When a(n) ________ in investment increases consumption and real GDP, part of the increase in expenditure is on ________, not ________ goods and services
A) increase; exports; U.S.-produced B) decrease; exports ; U.S.-produced C) increase; imports; U.S.-produced D) increase; imports; foreign-produced E) decrease; imports; U.S.-produced
Assume a monopolistically competitive firm comes up with a new innovation that allows it to earn above-normal economic profits
Given the nature of the market in which it operates, over time those profits will be competed away as new competitors enter the market. Indicate whether the statement is true or false
If it is assumed that capital is alike and freely mobile between economies, the Solow growth model
A) has no need of the recent attempts at improving it. B) suffers from the "exogeneity" problem. C) suffers from the "non-convergence" problem. D) suffers from the "incentives" problem.
An excess burden is present when taxpayers alter their behavior on account of taxation.
Answer the following statement true (T) or false (F)