Suppose a company offers a standard insurance contract with a premium (r) of $800 and a payout (q) of $20,000. Suppose that Jaray earns a healthy state income of $100,000, a sick state income of $80,000, and has a 4% chance of becoming ill. For Jaray, this insurance contract would be: O actuarially fair and partial O actuarially fair and full actuarially unfair and full actuarially unfair and partialnts A production possibilities frontier is shown below (Z, "Home Goods," on the vertical axis; H, "Health," on the horizontal axis). Suppose that the individual is producing the combination associated with point E. Given this information we might say that this combination is _ C E A D productively efficient but allocatingly inefficient. productively efficient and allocation efficient. productively inefficient and allocationy inefficient. productively inefficient, but allocationy efficient.In the Bismarck health care model, health insurance is typically universal and public universal and compulsory compulsory and not universal public and not universal