One result of asymmetric information in health insurance markets is
A) an optimal number of insurance policies sold.
B) adverse selection.
C) externalities in consumption.
D) a low marginal benefit of additional information for the buyer of insurance.
E) The principal-agent problem.
Correct Answer:
Verified
Q1: Social insurance
A) is the basis for most
Q3: Insurers try to minimize moral hazard by
A)
Q4: Premiums based on experience ratings
A) are uniform
Q5: Many individuals without health insurance receive "free"
Q6: Firms self-insure to
A) save money on premiums.
B)
Q7: The goal of health insurance is to
A)
Q8: Analysts cite figures on the number of
Q9: The highest incidence of those without health
Q10: Moral hazard and adverse selection are both
Q11: A group of 100 people seek out
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