The presence of insurance, by partially insulating both consumers and providers from bearing the full cost of the health care services provided, can create what economists have identified as
A. adverse selection problems.
B. third-party payer problems.
C. moral hazard problems.
D. all of the options are correct.
Answer: D
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Which of the following types of income are subject to FICA taxes?
A. Interest income B. Inheritance C. Wages and salaries D. Capital gains
The demand for Nike shoes will be _________________ than the demand for shoes in general
a. More elastic b. More inelastic c. Less elastic d. Less inelastic
Which of the following statements about Nash equilibrium is true?
a. Every finite game has more than one Nash equilibrium. b. A pair of dominant strategies in a price-fixing game is always a Nash equilibrium. c. A dominance solvable game does not have a Nash equilibrium. d. Games with an infinite number of strategies have multiple Nash equilibria.
When the price of yen in terms of dollars increases, Honda automobiles from Japan become cheaper to U.S. residents.
Answer the following statement true (T) or false (F)