HW 11 questions

HW 11 questions - ECON 3301001 HEALTH ECONOMICS Spring 2011...

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ECON 3301 001: HEALTH ECONOMICS, Spring 2011 Assignment 11, due 3/3 Preference heterogeneity and insurance markets Please submit a scantron form, with one letter filled in corresponding to the answer for each question and no more than two names, at the beginning of the next class. 1. Higher-risk individuals have more insurance coverage in a. The standard theory of insurance b. All observed insurance markets c. Contrast to the relationship between risk and coverage implied by moral hazard d. All of the above 2. Advantageous selection a. Implies that lower-risk individuals have more insurance coverage b. Could arise if low risk tolerance prompts both more insurance coverage and less risky behavior c. Is observed in the Medigap market d. All of the above 3. An insurance market in which risk and coverage are related inversely to the direction theory predicts is a. Acute health insurance b. Annuities c. Long-term care insurance d. Auto insurance 4. The study examine insurance coverage and risk-related behavior among respondents age
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HW 11 questions - ECON 3301001 HEALTH ECONOMICS Spring 2011...

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