Reference no: EM13832744
1. Medical bills may be paid by any of the following methods except
a) shifting consumption from one period to another.
b) reducing your welfare loss.
c) charity.
d) family or friends.
e) third party insurance companies.
2. Social insurance
a) is not found in the U.S.
b) would most likely provide more extensive coverage for dementia treatments than family or private savings.
c) is based on actuarially fair premiums.
d) is funded by voluntary contributions from large corporations.
e) does nothing for people who cannot afford to buy insurance or for people excluded from purchasing insurance (e.g., people with disabilities).
3. A sudden escalation in the utilization rates and, correspondingly, medical expenditures for treatment of ischemic heart disease (a procedure usually covered by insurance) would immediately
a) benefit providers.
b) result in Ex Ante moral hazard.
c) reduce welfare loss.
d) benefit insurance companies.
e) increase insurance company profits in the short term.
4. Insurance coverage of which treatment would likely cause the most problems with moral hazard?
a) emergency room services for fractured ankles.
b) hip replacement surgeries.
c) colon cancer screening tests.
d) allergy medicine.
e) services of Neonatal Intensive Care Units (newborn intensive care).
5. Offering insurance coverage through an optional rider would likely cause the most problems with adverse selection for which condition?
a) concussion treatment.
b) stress reduction counseling for employees.
c) HIV/AIDs treatment.
d) preventive dental examinations.
e) policy covering accidents for children in daycare.
6. Patient cost sharing is now a permanent feature in almost all health insurance contracts. The insurers introduce patient cost sharing with the goal to
a) reduce adverse selection.
b) reduce risk aversion.
c) reduce consumer demand.
d) increase consumers’ medication compliance.
e) use those funds to guarantee full coverage of catastrophic events.
Leisure and consumption goods are perfect substitutes
: Suppose, alternatively, that leisure and consumption goods are perfect substitutes. In this case, an indifference curve is described by the equation i = al + bC, where a and b are positive constants, and u is the level of utility. Show what the consu..
|
Using appropriate demand-marginal revenue and cost curves
: Using appropriate demand, marginal revenue and cost curves, show graphs for the following situations. (Be sure to label the axes and curves and use numbers on your graphs to demonstrate that your graphs correctly show the condition specified in the q..
|
The marginal cost of mining diamonds is constant
: A large percentage of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at $1,000. What would happen to South Africa’s profit if it increased its production by 1,000 while R..
|
Compare the multiplexing techniques tdma and fdma
: What is the purpose of a mixer? Include a discussion of sidebands in your answer. Compare and contrast the multiplexing techniques TDMA and FDMA in the area of wireless networking.
|
Medical expenditures for treatment of ischemic heart disease
: A sudden escalation in the utilization rates and, correspondingly, medical expenditures for treatment of ischemic heart disease (a procedure usually covered by insurance) would immediately. Insurance coverage of which treatment would likely cause the..
|
How much is cost of goods manufactured
: How much is cost of goods manufactured. Is this necessarily the same as cost of goods sold. Why or why not
|
Fiscal and monetary policies before next general election
: If you were the leader of your country and you had control of fiscal and monetary policies, what would you likely do with the use of fiscal and monetary policies before the next general election?
|
Relationship between ethics and professional responsibility
: A brief explanation of the relationship between ethics and professional responsibility. Then, explain whether you agree or disagree with the way that Claude Ferguson chose to balance his objective, subjective, and ethical responsibilities as a pub..
|
Price elasticity of demand for representative gasoline
: Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,700,000 annually. What is the price elasticity of demand for a representative gasoline reta..
|