Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Question
Chapter 12, Problem 6MCQ
To determine
To identify:
The option that correctly states the reason for a private market delivers less healthcare.
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Students have asked these similar questions
Because of the moral hazard problem,
a-the government has increased incentive to regulate insurance markets.
b-low-risk individuals do not choose insurance.
c-the costs of providing insurance decreases.
d-full insurance may no longer be efficient.
Insurance is basically the transferring of risk from one party to another.
A. True
B. False
The cost of healthcare is higher than most other developed countries.
A. True
B. False
4. What kind of liability insurance protects you now as an EMT and as a student
paramedic in your clinical sites?
5. At the scene of a shooting, you can see a patient with slow, gasping
respirations, but the police will not let you enter the crime scene. How will
you feel?
6. Your patient is critical, and you cannot secure the airway. Medical direction
tells you to divert because they have no ICU beds. You repeat the urgency of
your patient's condition and are still told to divert. You elect to override the
physician's order and transport to that hospital. Can you justify disobeying the
physician's order! .
Chapter 12 Solutions
Foundations of Economics (8th Edition)
Ch. 12 - Prob. 1SPPACh. 12 - Prob. 2SPPACh. 12 - Prob. 3SPPACh. 12 - Prob. 4SPPACh. 12 - Prob. 5SPPACh. 12 - Prob. 6SPPACh. 12 - Prob. 7SPPACh. 12 - Prob. 8SPPACh. 12 - Prob. 9SPPACh. 12 - Prob. 10SPPA
Ch. 12 - Prob. 11SPPACh. 12 - Prob. 1IAPACh. 12 - Prob. 2IAPACh. 12 - Prob. 3IAPACh. 12 - Prob. 4IAPACh. 12 - Prob. 5IAPACh. 12 - Prob. 6IAPACh. 12 - Prob. 7IAPACh. 12 - Prob. 8IAPACh. 12 - Prob. 9IAPACh. 12 - Prob. 1MCQCh. 12 - Prob. 2MCQCh. 12 - Prob. 3MCQCh. 12 - Prob. 4MCQCh. 12 - Prob. 5MCQCh. 12 - Prob. 6MCQCh. 12 - Prob. 7MCQ
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Similar questions
- 2) Why isn't healthcare just another good? A. Healthcare is an investment B. Healthcare suffers of adverse selection C. Healthcare is a public good D. Healthcare involves asymmetric information E. All of the abovearrow_forwardWhat is an actuarially fair insurance policy?arrow_forwardWhich one among these is not a loading factor in case of health insurance? 1.marketing cost 2.Costs of claim processing 3.Payments to health care provider.arrow_forward
- Conrad is an architect who has just been sued because a building he helped design has collapsed and injured several people. What type of insurance would help him with court costs and settlements. A. legal malpractice B. universal C. medical malpractice D. general liability E. catastrophicarrow_forwardEmpirical evidence suggests that state laws mandating health insurance coverage for alcoholism treatment leads to moral hazard on the part of the insured population. Given this information, what are you most likely to observe in a state that has passed such a law? A. Less use of alcohol treatment facilities B. Lower rates of drunk driving C. Higher rates of alcoholism D. Lower sales of alcoholarrow_forwardTyped plz and asap Please don't use any AI botarrow_forward
- Economics The presence of co-insurance has the following effect on price elasticity of demand: ______________ a. Makes demand curve more elastic b. Makes demand curve more inelastic c. Can have either effectarrow_forwardWhich one among these is not one factor that makes health care service difficult to insure? 1.future expendature on health care is uncertain 2.the payment for each health procedure are determined by insurers 3.Health care providers are paid based on their service rather then their outcome from their servicearrow_forward1.what do you understand by the term health insurance? 2.describe the different types of health insurance 3. Discuss factors that would make community based health insurance and private insurance successful.arrow_forward
- How much is Jane’s deductible? What percentage of the bill does Jane’s health care plan pay once co-insurance begins? What percentage of the bill does Jane pay once co-insurance begins? How much is Jane’s out-of-pocket limit? How much does Jane pay after she reaches her out-of-pocket limit?arrow_forwardEconomics 1. Does the demand for healthcare services vary in size with the affordable costs? 2.) Two sources of inefficiency that managed care attempts to address are moral hazard and demand inducement. True or false? a. True b. False 3.) Both moral hazard and demand inducement place us on a _____ medical system. a. flat-of-the-curve b. point of intersection c. tangent d. radius 4.) Managed care and managed competition are the same concept? True or false? a. True b False 5.) It is illegal for managed care organization to introduce competition among providers? True or false? a. True b False 6.) Government intervention arises from market failure and often includes which of the following? a competition generation b. tax policy c. competition generation and tax policy d. neither competition generation nor tax policyarrow_forward14. Which of the following statements is not true of accreditation? a. It is a voluntary process. b. State law says it must be renewed every year. c. Specific agencies are responsible for accrediting certain health education programs d. Accreditation reflects quality and is usually voluntary.arrow_forward
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