8 1. T/F Price sensitivity varies accordingly tothe type of medical service.is the behaviorof patients who use more medical servicesbecause their insurance lowers the out-of-2. --pocket cost of those services. (Fill in theblank)3. The marginal benefit curve shows thatthe additional benefit that the patientreceives from additional visitsas the use of servicesincreases. (Fill in the blank)4. Understanding why people use medicalservices requires more than knowingwhether they arein the blank)(Fill

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1. T/F Price sensitivity varies accordingly to the type of medical service.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 1SCQ: For each of the following purchases, say whether you would expect the dogma of imperfect information...

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Question

1. T/F Price sensitivity varies accordingly to
the type of medical service.
is the behavior
of patients who use more medical services
because their insurance lowers the out-of-
2. --
pocket cost of those services. (Fill in the
blank)
3. The marginal benefit curve shows that
the additional benefit that the patient
receives from additional visits
as the use of services
increases. (Fill in the blank)
4. Understanding why people use medical
services requires more than knowing
whether they are
in the blank)
(Fill

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