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Which of the following reduces the consumption-smoothing benefits of public insurance? A. crowd-out of self-insurance B. first-dollar coverage C. moral hazard D. insurance sold at
Which of the following reduces the consumption-smoothing benefits of public insurance? A. crowd-out of self-insurance B. first-dollar coverage C. moral hazard D. insurance sold at only an actuarially fair price E. adverse selection
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International Economics
Authors: James Gerber
6th edition
978-0132950145, 132950146, 132948915, 978-0132948913
