Refer to Figure 18.4. With an import ban, what is the equilibrium quantity of gloves in Duckland?
A. 100
B. 80
C. 60
D. 40
Answer: C
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Refer to Figure 3-4. At a price of $20, how many units will be sold?
A) 400 B) 500 C) 600 D) 800
Which of the following is not an advantage to an insurance company of insuring a large group of people for health insurance?
A) When all group members pay the premium, the problem of adverse selection is reduced. B) The characteristics of a large group are likely to reflect those of the entire population. C) When all group members pay the premium, the problem of moral hazard is reduced. D) It is easier to accurately predict the number of claims for a group than for an individual.
Problems of moral hazard and adverse selection occur most frequently when excessive information exists in markets
a. True b. False Indicate whether the statement is true or false
Why is the current U.S. tax-treatment of health insurance purchased through one's employer discriminatory?
a. Health insurance should not be a tax-deductible expense for anyone. b. The system gives preferential tax treatment to self-employed individuals. c. The system imposes higher taxes on the direct purchase of health insurance because it is not tax deductible. d. The system gives preferential tax treatment to people who purchase health insurance directly from a provider.