Which of the following parties is likely to have the most information about the health of an individual who is trying to purchase a health insurance policy?
A) the employer of the individual who is trying to purchase the health insurance policy
B) the individual who is applying for the health insurance policy
C) the company that issues the health insurance policy
D) All parties in the health insurance market have access to the same level of information.
B
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If U.S. exports are $2.2 billion and our imports are $2.7 billion
A) the United States is lending to the rest of the world. B) U.S. national saving is too high. C) the United States is borrowing from the rest of the world. D) U.S. investment must decrease.
15) In the figure above, the opportunity cost of moving from point B to point C A) is the loss in production in the healthcare sector. B) is the increase in production in the education sector. C) is zero. D) is the loss in production in the education sector.
Absolute advantage:
What will be an ideal response?
Which of the following rises during a recession?
A) Gross Domestic Product B) Investment C) Unemployment D) Consumption