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book Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch cover

Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch

Edition 1ISBN: 978-1260566642
book Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch cover

Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch

Edition 1ISBN: 978-1260566642
Exercise 6
In which of the following government policies is moral hazard not a concern?
a. Government provides disaster relief for homeowners who lose their homes in a flood.
b. Government provides unemployment insurance when workers are laid off.
c. Government raises taxes to pay for social services.
d. Government requires hospitals to treat anyone who comes to the emergency room, regardless of insurance status.
Explanation
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Moral hazard:
Moral hazard refers to th...

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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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