menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics-Microeconomics
  4. Exam
    Exam 20: Uncertainty and Information
  5. Question
    In the Health Insurance Market, Moral Hazard Occurs When
Solved

In the Health Insurance Market, Moral Hazard Occurs When

Question 62

Question 62

Multiple Choice

In the health insurance market, moral hazard occurs when


A) chronically ill people buy insurance.
B) insured people go to the doctor unnecessarily.
C) patients sue their doctor.
D) chronically ill people refuse appropriate medical treatment.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Bruce Copperwood's utility

Q58: Insurance companies charge a lower premium to

Q59: Insurance companies<br>A) pool risk and thereby lower

Q60: What is expected utility?

Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Steve owns a

Q63: Moral hazard exists chiefly because of<br>A) economies

Q64: Pedro's utility of wealth is 6 units

Q65: Buying insurance is similar to<br>A) selling risk.<br>B)

Q66: Jason is a Web page designer. He

Q67: Used car buyers believe a car is

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines