1.Surveys of income and wealth frequently do not release the top values in a distribution in order to protect the privacy of high income individuals. This practice is referred to as top coding. rounding down. capping. censorship
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- _____ is when everyone in a country is covered by insurance that is run and administered by the government. This strategy is effective at combatting _____. a. Means tested health insurance; adverse selection b. Universal public health insurance; adverse selection c. Universal public health insurance; moral hazard d. Compulsory insurance; moral hazard e. Compulsory insurance; monopoly pricing f. Means tested health insurance; moral hazardFun with cost-sharing. An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. (a) Draw a set of axes with list price PL on the y-axis and quantity Q on the x-axis (you will want to make your graph nice and big, because we will be adding several demand curves). Suppose a consumer's demand for a particular medical procedure is as follows: Q = 100 - PP. Draw her demand curve in PL - Q space under the assumption of no insurance and label it D1. You will have to think about the relationship between PL and PP to draw it correctly. Now assume the same consumer is fully insured. Think about how this affects the relationship between PL and PP and draw a full-insurance demand curve in…Fun with cost-sharing. An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. (a) Draw a set of axes with list price PL on the y-axis and quantity Q on the x-axis (you will want to make your graph nice and big, because we will be adding several demand curves). Suppose a consumer's demand for a particular medical procedure is as follows: Q = 100 - PP. Draw her demand curve in PL - Q space under the assumption of no insurance and label it D1. You will have to think about the relationship between PL and PP to draw it correctly. Now assume the same consumer is fully insured. Think about how this affects the relationship between PL and PP and draw a full-insurance demand curve in…
- All of the following are true, except a. Some consumers may infer high quality from high price b. Low prices can indicate lower quality given that no other information is available c. Promotional campaigns do not affect consumer’s perception on quality d. It makes more sense to raise price when advertising makes demand less elasticS1: A pandemic knows no issue of race, religion, language or even wealth. S2. Response to pandemic is economic and political but not socio-cultural. A. True, True B. True, False C. False, True D. False, FalseSuppose that an effective vaccine against malaria were invented. Using Figure above, describe the vaccine’s effect on both health and income Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Adverse selection The supply of high quality good is MCH = 25 + Q ; The demand of high-quality good PH = 95 The supply of low quality good is Q ; The demand of low quality good is PL = 55 What are the prices and quantity with perfect information. What are the prices and quantity without information.please show work and explain and accurate answer otherwise i give downvote Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.Would this be d? Dan, age 19, may have trouble buying auto insurance at a low price because insurance companies a)operate in markets in which screening is inefficient. b)fear that he has private information that his deductible is too high. c)have private information that his signals are valid. d)have private information that he is a risky driver. e)fear that he has private information that he is a risky driver.
- please show work and explain Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.Please give me accurate answer. Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.Give me correct and incorrect answer explanation Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality. Take care of plagiarism. Answer completely. You will get up vote for sure.