Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

1. Why do people buy health insurance? 2. What has been a major factor contributing to the growth in employer-based health insurance in the United

1.Why do people buy health insurance?

2.What has been a major factor contributing to the growth in employer-based health insurance in the United States? Explain briefly.

3.A person with AIDS applies for health insurance but hides his health status from the insurance company.

a.What is the likely result for the insurance company?

b.What is this behavior called?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Theories and Policies

Authors: Richard T. Froyen

10th edition

013283152X, 978-0132831529

More Books

Students also viewed these Economics questions

Question

★★★★★

The 20112012 tuitions (in thousands of dollars) of 2-year, public colleges are described by the density histogram in Fig. 99. Some of the tuitions are greater than 8 thousand dollars, but the bars...

Answered: 1 week ago

Question

★★★★★

All business decisions involve aspects of risk and return. Required Rank order the following investment activities from 1 through 4, where 1 is most risky and 4 is least risky. _____ a. Lowest-risk...

Answered: 1 week ago

Question

★★★★★

23. A coin having probability p of coming up heads is successively flipped until two of the most recent three flips are heads. Let N denote the number of flips. (Note that if the first two flips are...

Answered: 1 week ago

Question

★★★★★

Natural Beauty Corp. uses a joint process to make two main products: Forever perfume and Fantasy lotion. Production is organized in two sequential departments: Combining and Heating. The products do...

Answered: 1 week ago

Question

★★★★★

EXERCISE 2.3 Analyze effects of transactions March 2. Issued common shares for $11,000 cash. March 4. Purchased used car for $10,000 cash, for use in business. March 6. Purchased supplies on account...

Answered: 1 week ago

Question

★★★★★

Assume that the risk-free rate is 3.2 percent. If a stock has a beta of 1.4 and a required rate of return of 10.1 percent, and the market is in equilibrium, what is the return on the market...

Answered: 1 week ago

Question

★★★★★

a project is partially complete. the work package estimate was$297000,the contingency reserve is 34.5% and the management reserve is38.5% of the baseline. There are 2 approved change request based on...

Answered: 1 week ago

Question

★★★★★

Ashanti has one full year to go before she graduates and begins interviewing. Which step is most helpful for Ashanti toward her formal preparation for job hunting? Multiple Choice Select course...

Answered: 1 week ago

Question

★★★★★

Natalia is in her final semester at college, and wishes to prepare to secure a full - time Web developer position upon graduation. She believes potential employers will be favorably impressed by the...

Answered: 1 week ago

Question

★★★★★

Which item would most likely be classified as a fixture once attached onto real property? Select one: A. Wooden fence B. Plasma 50 TV C. Refrigerator D. Countertop microwave

Answered: 1 week ago

Question

★★★★★

Which of the following is NOT a remedial measure to control business cycles. Question 3 options: Indirect measures Monetary measures Fiscal measures Physical measures

Answered: 1 week ago

Question

★★★★★

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 29,000 direct labor-hours would be...

Answered: 1 week ago

Question

★★★★★

10. Find a news article in a daily newspaper, and answer the following questions: (a) Does the information in the article support your views and attitudes or does it conflict with them? (b) Does the...

Answered: 1 week ago

Question

★★★★★

2. Give an example where information that is emotionally interesting, specific and close in time and space, can be used to capture someones interest.

Answered: 1 week ago

Question

★★★★★

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Previous Question Next Question