Adverse selection problems in health insurance are reduced by all of the following except:
a. requiring physical exams
b. requiring patients to pay higher deductibles.
c. insuring entire groups.
d. by limiting the period of open enrollment in health insurance plans.
b
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The so-called Paradox of Thrift that became quite obvious in the Great Recession of 2007- 2009 refers to all of the following, except:
A. Saving may be virtuous for the individual, but it could be bad for the economy as a whole B. Consumers becoming thriftier may help long-term growth, but ironically reduces current output C. In trying to spend less now, consumers will end up spending more later on D. As individuals try to save more, the whole group may end up saving less as total income declines
Sugar and coffee are complements. When the price of coffee decreases, the demand for sugar
A. will shift inward. B. will shift outward. C. remains constant. D. will fall.