1. If the number of people with insurance increases, then what will most likely occur? a. a. a. a. a. The demand for health care will decrease. The demand for health care will increase. The demand for health care will be unaffected. There will be less preventive care. The amount of preventive care will be unaffected. 2.Requiring patients to pay a portion of the cost of the medical care they receive is designed to reduce the severity of a. a. a. a. a. moral hazard. diminishing returns. adverse selection. the principal-agent problem. market failure.

1. If the number of people with insurance increases, then what will most likely occur? a. a. a. a. a. The demand for health care will decrease. The demand for health care will increase. The demand for health care will be unaffected. There will be less preventive care. The amount of preventive care will be unaffected. 2.Requiring patients to pay a portion of the cost of the medical care they receive is designed to reduce the severity of a. a. a. a. a. moral hazard. diminishing returns. adverse selection. the principal-agent problem. market failure.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1. If the number of people with insurance increases, then what will most likely occur?
a.
a.
a.
a.
a.
The demand for health care will decrease.
The demand for health care will increase.
The demand for health care will be unaffected.
There will be less preventive care.
The amount of preventive care will be unaffected.
2.Requiring patients to pay a portion of the cost of the medical care they
receive is designed to reduce the severity of
a.
a.
a.
a.
a.
moral hazard.
diminishing returns.
adverse selection.
the principal-agent problem.
market failure.

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