Anyone's good in economic? I only have an idea about the first question?
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Superman
S I'm stucked on these questions! i was thinking about B C D. I'm only in highschool.?
1Defensive medicine:
a. solves the moral hazard problem.
b. increases the demand for health care.
c. solves the principal-agent problem.
d. is the same as preventive medicine
2 The equality-efficiency tradeoff refers to:
a. the conflict between risk averters and risk takers.
b. the willingness of Congress to abandon existing welfare programs in favor of a comprehensive plan to increase education and training for low-income persons.
c. possible conflicts between the goals of economic efficiency and greater income equality.
d. the difference between the goals of income equality and equality of economic opportunity.
3 Sam decides to join the Gigantic State University's rugby team when he learns that his health insurance will pay for any subsequent injury. This illustrates:
a. the diagnosis-related-group system.
b. a "pay or play" system.
c. the moral hazard problem.
d. the Coase theorem.
WHOA, what high school do you go to? man! I would look up keywords in the index of your book or online somewhere if you don't have a textbook. Maybe that will lead you to the answers. Good luck, I hope you pass.
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