Indicate whether the statement is true or false, and justify your answer.Having generous insurance makes you fat because you do not pay the full health costs of eating poorly and not exercising.
Q: Indicate whether the statement is true or false, and justify your answer.Medicare Part D, which was…
A: Medicare Part D was created through the U.S. Medicare Prescription Drug, Improvement, and…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.The fact that…
A: The situation of moral hazard occurs when a party involves in a risky event knowing that he is…
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.Insurance represents a…
A: Under insurance, people pay the premium is healthy states because it is easy to compensate for…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.Pauly (1974)…
A: The given statement is false.
Q: When an employer provides health insurance benefits as part of the compensation package, does this…
A: In an economy, employers provided insurance benefits related to healthcare allows an employee to get…
Q: Which of the following correctly describes imperfect information? Select the correct answer below: a…
A: Imperfect information is a part of asymmetric information and it leads to market failure.
Q: Indicate whether the statement is true or false, and justify your answer.In the 1970s, researchers…
A: The given statement is false.
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.Besides the…
A: Insurance customers can also use coinsurance, deductibles and monitoring techniques to decrease…
Q: An individual has 40,000 in income per year. The person will get sick with probability 0.1. If he…
A: The probability that the person will get sick is 0.1 percent. The income of the individual is given…
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 each statement is true or false, and justify your answer.If a medical screening…
A: The given statement is false.
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.If a health…
A: The moral hazard refers, the situation in which one party engaged on a risk by knowing that other…
Q: Suppose that left-handed people are more prone to injury than right-handed people. Lefties have an…
A: As per Bartleby Guidelines, we have solved the first 3 sub-parts only. If you want us to solve the…
Q: Indicate whether each statement is true or false, and justify your answer.Insurance mandates do…
A: False, because mandates are legal requirement and that everyone in a population buy an insurance…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.In some markets,…
A: Adverse selection refers the situation where there is a lack of information (asymmetric information…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.An uninsured…
A: After the economic transactions, due to the lack of information between two parties, if one party…
Q: Indicate whether the statement is true or false, and justify your answer.Health insurance coverage…
A: True, health insurance coverage is mainly financed through payroll and other taxes, because…
Q: Indicate whether the statement is true or false, and justify your answer.Patients in France…
A: The French healthcare system includes public and private hospitals, doctors, outpatient care and…
Q: All MegaCorp employees who stay on the job for more than three years are rewarded with a 10 percent…
A: Perfect information is considered a commodity and is important as it does not allow anyone to take…
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 each statement is true or false, and justify your answer.Cost-sharing is used to…
A: In this case, the cost – sharing like deductibles and coinsurance are controls moral hazard in a way…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.Moral hazard is…
A: False, because moral hazard can occurs in any insurance contract, even exterior the perspective of…
Q: Indicate whether each statement is true or false, and justify your answer.The fact that total…
A: In this case, the total expenditure has been increasing as heart attack care becomes more limited,…
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.When the price…
A: The given statement is true.
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: Indicate whether the statement is true or false, and justify your answer.In an actuarially fair…
A: The given statement is true.
Q: Indicate whether each statement is true or false, and justify your answer.The Food and Drug…
A: False, because the food and drug administration (FDA) does not consider the cost-effectiveness,…
Q: Indicate whether the statement is true or false, and justify your answer.A consumer with declining…
A: Some risk averse might forgo the full insurance when it is excessively expensive.
Q: Indicate whether the statement is true or false, and justify your answer.Increasing female labor…
A: In this case, the trend shared with the fact that restaurant meals inclined to be more calorically…
Q: Indicate whether the statement is true or false, and justify your answer.Subsidies that provide…
A: The statement is true. Subsidies that provide financial incentives for people to become donor do…
Q: A website offers a place for people to buy and sell emeralds, but information about emeralds can be…
A: Both customers and suppliers have complete and timely awareness of all commodity values, their…
Q: Indicate whether the statement is true or false, and justify your answer.New York has seen a…
A: The behaviors of the people are related to the different aspects of the economy. The main factor…
Q: Indicate whether each statement is true or false, and justify your answer.The Dartmouth Atlas…
A: The Dartmouth Atlas results are proof that, health is easier and or cheaper to produce in some…
Q: Which is an example of asymmetric information? a person knows more about health decisions they make…
A: Information asymmetric is the situation where one party holds more information than the other.
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 or false, and justify your answer.Most economists believe…
A: Eradication of a disease means a permanent reduction in the prevalence of the disease to zero,…
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: Which is not an example of asymmetric information? Group of answer choices A customer not knowing…
A: Asymmetric information involves two parties entering into a contract where one party has more…
Q: Assume throughout that an individual's demand curve for doctors visits is represented by Q = 50 – P.…
A: Market refers to the place where the buyers and sellers exchange goods and services in the market.…
Q: Indicate whether the statement is true or false, and justify your answer.When insurance is fair, in…
A: From buying a contract, the expected income of the customer does not change. In a fair contract the…
Q: Indicate whether the statement is true or false, and justify your answer.People who drop out of high…
A: False According to Grossman Model, the marginal efficiency of investment curve shifts out with…
Q: Suppose your preferences can characterized by the simple utility function U = √C, where C is…
A: Given Utility wealth function: U=C where C is consumption. Chance of getting injured (p)= 0.1…
Q: Indicate whether the statement is true or false, and justify your answer.An hour spent exercising…
A: Free lunch zone: The term “free lunch zone” refers to the situation where there is no cost incurred.…
Q: Indicate whether the statement is true or false, and justify your answer.Even though health…
A: Health insurance covers medical expenses that can occur due to illness or injury. It can also…
Q: Indicate whether the statement is true or false, and justify your answer.Results from the Oregon…
A: Answer: True. Due to health insurance, people make frequent visits to hospitals and also utilize…
Q: Indicate whether the statement is true or false, and justify your answer.Compared with doctors who…
A: FALSE.
Q: Indicate whether the statement is true, false, or unclear, and justify your answer.A woman who uses…
A: Moral hazard can be defined as the situation in which one party who gets insured gets indulged into…
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…
Indicate whether the statement is true or false, and justify your answer.
Having generous insurance makes you fat because you do not pay the full health costs of eating poorly and not exercising.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Indicate whether the statement is true or false, and justify your answer.Medicare Part D, which was implemented in 2006, is the federal insurance program for the elderly in the US that provides for prescription drug coverage.Indicate whether the statement is true or false, and justify your answer.In employer-sponsored health insurance in the US, employers pay the largest share of the costs of health insurance.Indicate whether the statement is true or false, and justify your answer.While obesity generally results in higher per-year medical costs, obese individuals do not typically have higher average lifetime medical costs than non-obese individuals because they do not live as long.
- Indicate whether the statement is true or false, and justify your answer.An hour spent exercising always pays for itself by decreasing the time spent sick by more than an hour.Indicate whether the statement is true or false, and justify your answer.In an actuarially fair insurance contract, the insurance premium equals the probability of sickness times the payout amount.Indicate whether the statement is true, false, or unclear, and justify your answer.A previously uninsured man who enrolls in his workplace health insurance plan after being diagnosed with multiple sclerosis is an example of moral hazard.
- Indicate whether the statement is true, false, or unclear, and justify your answer.If a health insurance company could somehow monitor everything a customer does and thinks, it could create a full-insurance contract with no moral hazard.Indicate whether the statement is true or false, and justify your answer.Private markets are powerless to combat adverse selection, so the only solution is a government-mandated insurance contract.Indicate whether the statement is true or false, and justify your answer.In the 1970s, researchers were worried that, while Americans were living longer than previous generations, they were actually less healthy during old age than before. This phenomenon is known as the “compression of morbidity.”
- Indicate whether the statement is true or false, and justify your answer.People who drop out of high school are able to produce more health than college graduates because they have more free time to invest in health production.Indicate whether the statement is true or false, and justify your answer.New York has seen a majority of people change their behaviors because of the recent requirement that restaurants list the calorie counts for all their menu items.Indicate whether the statement is true or false, and justify your answer.Increasing female labor force participation rates (alongside declining time spent on preparing meals at home) have been implicated as one cause of rising obesity rates.