Indicate whether each statement is true or false, and justify your answer.Studies of labor market choices and product purchase decisions infer VSL from tradeoffs between money and risk.
Q: Indicate whether the statement is true or false, and justify your answer.While obesity generally…
A: While obesity generally results in higher per-year medical costs, obese individuals do not typically…
Q: Indicate whether the statement is true or false, and justify your answer.Under partial insurance,…
A: The given statement is false.
Q: Indicate whether the statement is true or false, and justify your answer.At firms that do not…
A: False, because in this case there is no wage pass- through at firms without health insurance.
Q: Indicate whether the statement is true or false, and justify your answer.Even though it is illegal…
A: True, because Bismarck companies are frequently making policies to contest risk selection.
Q: Indicate whether each statement is true or false, and justify your answer.The value of statistical…
A: The value statistical life (VSL) is resulting from measurement of how much appears to value changes…
Q: Indicate whether each statement is true or false, and justify your answer.Medical experts are ideal…
A: In the Healthy technology Assessment (HTA) more specifically is involved with the evaluation of an…
Q: subjects are offered $225 now, period 0 Or some amount Xt, period t What is Xt to persuade them to…
A: Exponential Discounting / Decay refers to the phenomena that discounting rates for the periods of…
Q: Indicate whether the statement is true or false, and justify your answer.Patients are charged…
A: The patients charged based on the community rated plans on their risk. Not based on the premium.
Q: If organic virgin coconut oil (VCO) has been proven to enhance your immune system against corona…
A: Answer: Note: you have not mentioned but it seems true/false and I am answering this question as…
Q: Indicate whether the statement is true or false, and justify your answer.Body mass index (BMI) is a…
A: The body mass index (BMI) is based on the height and weight of a person. A BMI can be treated as an…
Q: Indicate whether the statement is true or false, and justify your answer.The average length of…
A: Hospital costs make up for almost 40 percent of the personal health care expenses in the U.S. The…
Q: Describe how employers “choose” the optimal length of a strike in a model where there is asymmetric…
A: It is important to know the reason behind strikes before explaining the optimal length of strike. A…
Q: Indicate whether each statement is true or false, and justify your answer.There are several survey…
A: Answer - Survey method - It is research method which used for collecting data from a predefined…
Q: Indicate whether the statement is true or false, and justify your answer.People tend to…
A: The health economic theories suggest that people try to maximize their utility with respect to their…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.Although a firm…
A: Cutler and Reber 1998 find proof of an adverse selection death spiral at Harvard and evidence of…
Q: Indicate whether the statement is true or false, and justify your answer.In a typical Beveridge…
A: In a typical Beveridge system, patients must get a transfer from a general practitioner before they…
Q: Indicate whether the statement is true or false, and justify your answer.Evidence indicates that…
A: Frederick et al (2002) review the proof that humans are not normally exponential discounting…
Q: Job-specific human capital. In this problem, based on a simplified version of the model in…
A: Given: Just-hired employees are less productive than an employee who has more experience. MPe >…
Q: Indicate whether each statement is true or false, and justify your answer.The cost-effectiveness…
A: The cost effectiveness frontier (CEF) treatment strategies for a condition are not conquered by any…
Q: Indicate whether the statement is true or false, and justify your answer.In Canada, unlike in the…
A: False, because Currie in 2003 showed that the gap does make wider in Canada after age 10.
Q: Indicate whether the statement is true or false, and justify your answer.In a Rothschild–Stiglitz…
A: An individual would like to have full, fair insurance but the separating equilibrium offers those…
Q: Indicate whether each statement is true or false, and justify your answer.An ICER value indicates…
A: An ICER value (the incremental cost-effectiveness) is the ratio which is used as a decision making…
Q: Indicate whether the statement is true or false, and justify your answer.Japan’s population is not…
A: Aging population increase in Japan is faster than other industrialized developed nations. The…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.Cawley and…
A: True, because the Rothschild – Stigliz model forecast the bulk markups in market with asymmetric…
Q: Indicate whether each statement is true or false, and justify your answer.Empirically, VSL estimates…
A: The VSL (value of statistical life) estimates vary widely by country, income, age, and gender. There…
Q: The Sherbert Test states that in order for a law to be allowed to limit or burden a religious…
A: Answer: TRUE
Q: Indicate whether the statement is true or false, and justify your answer.The certainty effect and…
A: False, because both the certainty and sub certainty occurs from people’s experimental tendency to…
Q: Indicate whether the statement is true or false, and justify your answer.There is great emphasis in…
A: False, because private insurance survive in all Beveridge country.
Q: Indicate whether the statement is true or false, and justify your answer.In employer-sponsored…
A: Nominally true that many employers give a portion of health insurance premiums for their workers, in…
Q: Should researchers sometimes deceive subjects, even if it may harm them emotionally, in order to get…
A: I am not support strongly the principle of deception on the behalf of the researcher when they are…
Q: Indicate whether the statement is true or false, and justify your answer.Under the typical…
A: If firms suggest liberal insurance that lies lower than a robust individual’s indifference curve…
Q: Indicate whether each statement is true or false, and justify your answer.Cost–benefit analysis…
A: Cost-benefit analysis (CBA) is used as medium for evaluating the economic efficiency of suggested…
Q: Indicate whether the statement is true or false, and justify your answer.Having generous insurance…
A: The given statement is false.
Q: Indicate whether the statement is true or false, and justify your answer.The RAND study was…
A: The RAND study helps to ensure the groups facing various prices were statistically equivalent.…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.The fact that…
A: Risk-averse behavior of individual states that if the person is exposed to the risk, he or she will…
Q: Indicate whether the statement is true or false, and justify your answer.Many countries in the world…
A: Many countries in the world have experienced increases in the number of obese individuals in their…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.One of the major…
A: One of the predictions of the Rothschild–Stiglitz model is that there is a positive(+ve) correlation…
Q: Indicate whether the statement is true or false, and justify your answer.In a Rothschild–Stiglitz…
A: The Rothschild-Stiglitz model assumes that there are buyers that posses two types of risk, i.e.,…
Q: Indicate whether the statement is true or false, and justify your answer.In the US, well-educated…
A: Socioeconomic status refers to the social position of an individual or household relative to other…
Q: Indicate whether the statement is true or false, and justify your answer.A primary cause of…
A: False
Q: Indicate whether each statement is true or false, and justify your answer.A dominated treatment is…
A: In developed nations, spending made on health care has an increasingly important economic issue. The…
Q: Indicate whether each statement is true or false, and justify your answer.Health systems focused on…
A: The cost of healthcare is comparatively high in country U as compared to other countries owing to…
Q: Indicate whether the statement is true or false, and justify your answer.During prospect theory’s…
A: False
Q: Indicate whether each statement is true or false, and justify your answer.There are no out-of-pocket…
A: TRUE.
Q: Indicate whether the statement is true or false, and justify your answer.Suppose that a long-time…
A: While making a decision, consumer's emotions can have a larger impact than the behavior or thought…
Q: Indicate whether the statement is true or false, and justify your answer.Higher values of the…
A: Different forms of market structures differ in their level of competitiveness, ranging from highly…
Q: Indicate whether each statement is true or false, and justify your answer.Both ICERs and ACERs…
A: False
Q: Indicate whether the statement is true or false, and justify your answer.Aggressive natalist…
A: Natalistic programs in Sweden and France have limited success, yet the birth rates are still very…
Q: Indicate whether the statement is true or false, and justify your answer.The take-up rate of health…
A: The health insurance would result in the coverage of medical expenses for the individuals by a fixed…
Q: Indicate whether the statement is true or false, and justify your answer.Reducing mortality from one…
A: Mortality risk is the risk of death, which is used to indicate the mortality rate or the number of…
Indicate whether each statement is true or false, and justify your answer.
Studies of labor market choices and product purchase decisions infer VSL from tradeoffs between money and risk.
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- Indicate whether the statement is true or false, and justify your answer.The thrifty phenotype hypothesis states that early-life events after birth have a strong influence on health status even in adulthood.Multiple Choice Adverse selection describes a situation where an individual's demand for insurance is positively correlated with the individual's risk of loss. Adverse selection occurs when someone increases their exposure to risk when insured. This can happen, for example, when a person takes more risks because someone else bears the cost of those risks. The relationship between smoking status and mortality provides a good illustration for adverse selection, especially in the case in which a life insurance company did not vary its premiums according to smoking status of its customers. To counter the effects of adverse selection, insurers may offer premiums that are proportional to a customer's risk.Indicate whether each statement is true or false, and justify your answer.There are several survey methods that health services researchers use to measure quality of life under different diseases.
- Indicate whether each statement is true or false, and justify your answer.An ICER value indicates which of two treatment options is better.Indicate whether the statement is true or false, and justify your answer.Risk-averse individuals have a concave value function for prospective gains and a convex value function for prospective losses.Indicate whether the statement is true or false, and justify your answer.To date, no major health insurance experiment has studied the impact of uninsurance, just different levels of insurance.
- Consider a variant of the benchmark model of adverse selection. The types of workers (θ) are uniformly drawn from the unit interval [0,1]. A θ-type worker can produce θ units of some product if he is hired by firms. (Workers are the only input in the production.) The price of the product is normalised as 1. Before entering the labor market, workers decide whether to secure some certificate at a cost c ∈ (0, 1) or not. The certificate can fully reveal a worker’s type and he then decides whether to show it to firms or not. If a θ-type worker decides to quit the labor market, he can earn θ/4 from self-employment. Find the competitive equilibrium. (Hint, if a θ-type worker obtains the certificate and shows it to firms, he will receive a wage of θ from the market. For sure, he can also decide to join the labor market without obtaining or showing the certificate.)Compare and contrast two quantitative tools for decision-making in conditions of certaintyIndicate whether the statement is true or false, and justify your answer.Health status earlier in life is a good predictor of wealth later in life.
- Indicate whether the statement is true, false, or unclear, and justify your answer.Cawley and Philipson (1999) find that, in life insurance markets, there is a bulk discount (that is, people buying larger policies pay lower per unit prices). They conclude that this finding is inconsistent with the Rothschild–Stiglitz model.Indicate whether each statement is true or false, and justify your answer.Empirically, VSL estimates vary widely by country, income, age, and gender.Indicate whether the statement is true or false, and justify your answer.Body mass index (BMI) is a reliable measure of obesity.