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PUP 3002 Questions with Answers (100%
Correct Answers)
Which of the following best illustrates moral hazard? Answer: A family does
not install a smoke alarm because they have fire insurance. CORRECT
he government prohibits prostitution to prevent the undermining of family
stability.
No answer text provided.
A taxi driver takes a longer route in order to receive a higher fare from a tourist.
What is it called when the price of health insurance for an individual is based
on the expected health costs of the larger population within which they live?
Answer: No answer text provided.
Community rating---
Risk pool
Experience rating
To correct for moral hazard problems, health insurers use Answer: "first dollar"
coverage.
Correct! co-payments.
No answer text provided.
adverse selection.
In a(n) ____ program, recipients must demonstrate evidence of low income as
well as other factors in order to be enrolled.
entitlement
fee-for-service
, 2
means-tested Answer: entitlement
fee-for-service
means-tested---
No answer text provided.
The set of individuals covered by an insurance plan is called a Answer: risk
pool.-CORRECT
selection effect.
No answer text provided.
risk profile.
Some scholars argue that health systems developed by nations are ____, with
their current systems resulting from historical circumstances. Answer: cross-
cutting
morally hazardous
No answer text provided.
Correct! path dependent
The price of health insurance varies from individual to individual based on
characteristics like age, weight, and habits. These characteristics are part of an
individual's Answer: Correct! risk profile.
No answer text provided.
community rating.
risk pool.
What is it called when the consumer pays for some agreed upon proportion of
the bill if they use insurance? Answer: Health insurance mandate
PUP 3002 Questions with Answers (100%
Correct Answers)
Which of the following best illustrates moral hazard? Answer: A family does
not install a smoke alarm because they have fire insurance. CORRECT
he government prohibits prostitution to prevent the undermining of family
stability.
No answer text provided.
A taxi driver takes a longer route in order to receive a higher fare from a tourist.
What is it called when the price of health insurance for an individual is based
on the expected health costs of the larger population within which they live?
Answer: No answer text provided.
Community rating---
Risk pool
Experience rating
To correct for moral hazard problems, health insurers use Answer: "first dollar"
coverage.
Correct! co-payments.
No answer text provided.
adverse selection.
In a(n) ____ program, recipients must demonstrate evidence of low income as
well as other factors in order to be enrolled.
entitlement
fee-for-service
, 2
means-tested Answer: entitlement
fee-for-service
means-tested---
No answer text provided.
The set of individuals covered by an insurance plan is called a Answer: risk
pool.-CORRECT
selection effect.
No answer text provided.
risk profile.
Some scholars argue that health systems developed by nations are ____, with
their current systems resulting from historical circumstances. Answer: cross-
cutting
morally hazardous
No answer text provided.
Correct! path dependent
The price of health insurance varies from individual to individual based on
characteristics like age, weight, and habits. These characteristics are part of an
individual's Answer: Correct! risk profile.
No answer text provided.
community rating.
risk pool.
What is it called when the consumer pays for some agreed upon proportion of
the bill if they use insurance? Answer: Health insurance mandate
