What is the primary reason why social insurance exists? a-the moral hazard problem increases costs of providing private insurance. b-the adverse selection problem prevents private markets from offering the optimal quantity of insurance. c-the government is usually better at allocating resources than private markets. d-all of these.

Q: There is considerable evidence that societies that spend more on social services – housing, income…

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Q: The south African government develops targets that pertain to healthcare and education. Which of the…

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Q: The government can help solve the problem of adverse selection in each of these ways EXCEPT: a.…

A: Adverse selection refers to a situation in which one party involved in a transaction has access to…

Q: 1. When an auto insurance company is​ screening, it is   A. attempting to keep its private…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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Q: Explain how an “individual mandate," where every resident of a country is required by law to…

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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: The National Flood Insurance Program (NFIP) provides flood insurance for homeowners and small…

A: Moral hazard: - moral hazard is the situation in which a person or an institution increases exposure…

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Q: Name the 3 core functions of public health and describe those with the 10 essential services of…

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Q: Which of the following does NOT generate negative externalities in part through health care costs?…

A: The externalities are the additional cost or benefit incurred for the third individual who is not…

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: What Social Determinant of Health is the most important in determining better health and health…

A: Social Determinants of Health (SDOH) are the circumstances where people are born, live, grow, and…

Q: We should expect to see more people in a group to purchase insurance as the probability of illness…

A: Insurance is a financial instrument that transfers a person's or an organization's risk of loss to…

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: 1. Explain Due care theory. On what ground due care theory was criticized.

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Q: Which of the following phenomena is NOT an example of market failure? a. A positive externality. b.…

A: In an economy, market failure refers to the Ayia whe any of the trading party will get unfair share…

Q: a. Sketch a graph of what the insurance market equilibrium looks like if health status is public…

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Q: Empirical evidence suggests that state laws mandating health insurance coverage for alcoholism…

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Q: Critically evaluate the following statement: Health is a public good?

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A: Since, multiple questions have been asked by you , we will solve first question for you. Please…

Q: What is a market-failure rationale for the government investing in education and training programs?…

A: Governments use fiscal policy to increase employment by increasing the aggregate demand and the…