The source of the adverse selection problem is ______
a. that individuals with high incomes are able to pay all medical costs out-of-pocket
b. that individuals least likely to need health care do not purchase insurance
c. individuals lack important information regarding the appropriate health care for them
d. individuals desire to have comprehensive health care insurance
b
Economics
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________ is the knowledge and skill that people have obtained from education and on-the-job training
A) Labor productivity B) Human capital C) Capital D) Technology
Economics
In general, personal income taxes
A) rise automatically during a recession. B) rise automatically during an expansion. C) rise automatically during a contraction. D) are decreased during a recession through legislative actions of Congress.
Economics