Insurers try to minimize moral hazard by:
a. charging higher premiums to individuals than to groups.
b. requiring advance payments of premiums.
c. refusing to sell insurance to individuals with chronic illnesses.
d. only selling policies to individuals with high ethical standards.
e. charging deductibles and coinsurance.
e. charging deductibles and coinsurance.
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The Congressional Budget Office estimates that the Patient Protection and Affordable Care Act (ACA) will increase government spending
A) by more than the additional taxes and fees enacted under the law will bring in. B) by less than $50 billion over the next decade. C) by about $2 trillion over 10 years. D) by more than $20 trillion dollars over the next 5 years.
The bonus of a plant manager in a vertically integrated firm is based on the following formula:
Bonus = 10,000 - 0.5(Qf - Q) where Qf is feasible production and Q is actual production. The value for Qf is provided by the plant manager at the beginning of the year. With this scheme, the plant manager has an incentive: A) to underestimate Qf. B) to overestimate Qf. C) to reveal the true Qf and make Q as small as possible. D) to reveal the true Qf and make Q as large as possible.
A ray through the origin always has a slope of one.
Answer the following statement true (T) or false (F)
Describe the particular policy mix that accounts for the favorable economic conditions of the late 1990s. Be sure to specify the fiscal and monetary policies pursued during this period