John is a 55-year-old male smoker, about 50 pounds overweight, who has high blood sugar and drinks to excess a couple of times each month. Because of adverse selection in health insurance,
A) John is less likely to buy health insurance than the average person, because the average person's policy premiums will be based on his risk, not the average risk.
B) John is more likely to buy health insurance than the average person, because his policy premiums will be based on the average risk, not his personal risk.
C) when John gets health insurance, he will be less likely to take care of himself.
D) when John gets health insurance, he will be more likely to take care of himself.
E) if John doesn't have health insurance already, he will not be able to get it.
B
You might also like to view...
The EPA formulated the Drinking Water Strategy (DWS)
a. under the Clinton administration b. to recognize the importance of addressing contaminants one at a time c. with four identified goals, including one to develop new drinking water technologies d. solely to revise regulations for private well water
U.S. corporations are not motivated to protect the interests of small shareholders
a. True b. False
The production function for good X exhibited in the table below is for the:Production Function for Good XL*KQMPK=(?Q/?K)APK=(Q/K)LaborCapitalOutputMarginal Product of CapitalAverage Product of Capital900----910575.75.7092032426.716.2093065733.3B9401,07241.526.809501,52445.230.489601,97645.232.939702,39141.534.169802,72433.334.059902,991A33.2391003,0485.730.4891103,016-3.227.4291202,945-7.124.54
A. short run, since L is the fixed input. B. long run, since K is the variable input. C. short run, since L is the variable input. D. long run, since K is the fixed input.
If nominal GDP is $9,600 billion and the GDP deflator is 118.5, real GDP is
A. $10,852.7 billion. B. $6,586.7 billion. C. $3,657.0 billion. D. $8,101.3 billion.