Economics: Principles & Policy
14th Edition
ISBN: 9781337696326
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning
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Question
Chapter 37, Problem 6DQ
To determine
Affordable Care Act (known as “Obamacare”) tried to solve the adverse selection problem by getting everyone into the insurance pool.
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Adverse selection is good ? like the The Affordable Care Act (Obamacare) deals with the problem of adverse selection by using the power of the government to fine individuals who do not sign up for health insurance. do you think it brings benefits or not ?
What are adverse selection and moral hazard?
Did you work from home during the pandemic? If so, did you miss your place of work, or do you prefer to work from home? If you have the option to travel while working from home, where would you go?
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Economics: Principles & Policy
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- The government can help solve the problem of adverse selection in each of these ways EXCEPT: a. reducing the need for insurance. b. requiring that everyone buy insurance. c. providing incentives for buyers to reveal private information. d. providing insurance.arrow_forwardQ73 Adverse selection is... a. Asking a private pilot about the safety of his plane. b. Purchasing more dental insurance when you know your teeth are especially bad. c. Purchasing the required homeowner's insurance when you buy a condo. d. Asking a doctor if you are sick. e. Asking your lawyer if you should sue your doctor for malpractice.arrow_forwardTaking out a mortgage to buy a condo, buying a mutual fund, and building a new factory are all examples of investment. True or False?arrow_forward
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