Amanda owns an HO-2  Form in her home.  If Amanda loses control and crashes through her hom, which coverage should be used in this case?    coverage A  less  the deductible  coverage B  with no deductible  coverage e with no deductible  coverage  F less the detectable

Q: Demand falls by 5 percent for every 10 percent increase in price health care services.

A: Price elasticity of demand: Price elasticity of demand is defined as the percentage change in the…

Q: Which of the following practices mitigates moral hazard? I. II. III. A health insurance company's…

A: Moral hazard refers to the situation where one party (typically the insured) takes risks because…

Q: In the used car market with warranties, the equilibrium is a _____ and there is A.) pooling…

A: Equilibrium refers to the market condition at which the quantity demanded is equal to the quantity…

Q: what is the relationship between the financial well-being of the industry and availability of…

A: Healthcare is a wide term that envelops a scope of services and practices pointed toward keeping up…

Q: 1. Is this MD a quack(fraud) or legitimate MD? 2. Is there any science to support his work? Are…

A: Cancer is routinely ranked as one of the most serious health issues confronting the United States.…

Q: Suppose a household's income rose from 45k to 60k while their spending on health increased from 2k…

A: Income refers to the monetary or financial earnings received by individuals, households, businesses,…

Q: The hot water heater explodes and damages some household contents. The actual cash value of the…

A: A basic homeowners insurance coverage is referred to as a HO3 policy. It is, in essence, a contract…

Q: Which of the following best describes the term annual health insurance deductible?   A. the amount…

A: A deductible is a sum that a policyholder needs to pay before the insurance agency begins paying.…

Q: economic implications (both positive and negative) of the corona virus.

A: The Coronavirus pandemic has led to a decrease in aggregate demand which has resulted in a…

Q: On Asymmetric Information and Agency What is a reputation good? What are examples of reputation…

A: Market demand refers to the total quantity of a good or service that consumers in a specific market…

Q: what is a way to increase the production of undersupplied goods with positive spillovers?

A: Positive externalities or spillovers are the beneficial side effects arise from the consumption or…

Q: Pls help ASAP

A: Liability Loss from Uninsured Parked Trailer:  When a liability loss occurs due to an uninsured…

Q: Question 4 of 6. Which of the following individuals may qualify for a health savings account (HSA)?…

A: Health saving account is a saving account which is  maintained for future or unforeseen health…

Q: if a patient pays his surgeon before she performs the surgery, is this adverse selection or moral…

A: The adverse selection problem refers to the situation where the one party has more information about…

Q: List and explain the appropriate remedies for multicollinearity in OLS.

A: Multicollinearity occurs in Ordinary Least Squares (OLS) regression when two or more independent…

Q: What is the arc price elasticity of demand for health care in Japan based on these data? c. Using…

A: Price elasticity of demand is a measure of the change in the quantity purchased of a product in…

Q: How does moral hazard issue affect the health care market in Hong Kong? Suggest possible remedies to…

A: Moral hazard issue occurs due to the problem of asymmetric information. Asymmetric information means…

Q: The primary purpose of he Coordinalion of Benefits provision found in most group Major Medical…

A: Coordination of benefits is an arrangement in the insurance agreement that applies when an…

Q: 1. If the number of people with insurance increases, then what will most likely occur? a. a. a. a.…

A: Insurance is a risk management that protects people from unforeseen events in the future. For…

Q: When dealers provide warranties in a used-car market A. the outcome is inefficient B. the outcome is…

A: In the used car market, information asymmetry often exists, where sellers (dealers) have more…

Q: In the U.S. Medicare program (parts A and B), there ____ deductibles, copayments, etc. Medigap…

A: Those who are 65 years of age or older, as well as those with certain impairments or end-stage renal…

Q: Which part of a special form or open perils policy should be considered or consulted to determine…

A: Economics as a subject is used to study and plan the allocation of scarce resources among humans…

Q: Consider two vaccines for difffferent viruses χ and Ω Assume that the marginal cost of producing…

A: Solution:- a)  Elastic demand for vaccine χ

Q: Insurance mandates do little to combat the problem of adverse selection. True False

A: Insurance is a way to manage your risk. When you buy insurance, you purchase protection against…

Q: To receive coverage for bodily injury resulting from an accident with a stolen vehicle, an…

A: A contract between the insurance company and person that helps in providing protection against any…

Q: 6. The demand for the doctor's visits, Q, is the following: Q= 5 - 0.04P. The market price of a…

A: Deadweight loss, also known as excess burden, is a measure of lost economic efficiency when the…

Q: Explain Benefits and Flaws of Payback Screening?

A: The objective of payback screening is to calculate the number of years it takes to recover the…