How might Roger’s Plastics Company experience an adverse selection of patients for its health insurance plan?
a. by requiring all employees to be covered under the program
b. by offering voluntary insurance, which ends up getting used only by people who know
they are sick
c. by requiring all participants to undergo extensive screening for conditions that make
them ineligible
d. by offering free insurance to all employees
b. by offering voluntary insurance, which ends up getting used only by people who know
they are sick
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A production possibilities frontier figure does NOT illustrate
A) the limits on production imposed by our limited resources and technology. B) the exchange of one good or service for another. C) opportunity cost. D) attainable and unattainable points.
A structural budget deficit
A) appeared during the Vietnam War era from 1966-68. B) appeared after 1982 due to tax cuts and spending increases. C) peaked at 5 percent of GDP in mid-1986 and had become a structural surplus by 1997. D) all of the above.
Where does the World Bank get its funds?
A) from selling internal reports to the public B) from tariffs collected on goods traded internationally C) from governments of the wealthiest nations and from private financial markets D) from seizing dead capital in developing nations and selling it at auction
If a nation borrows $250,000 each year for five consecutive years, the absolute value of the government deficit is _____
a. $500,000 b. $750,000 c. $250,000 d. $1,250,000