An Advantage for an Individual of Having Employment-Based Insurance Is

question 22

Multiple Choice

An advantage for an individual of having employment-based insurance is that it:

• A)increases moral hazard.
• B)increases the likelihood of adverse selection.
• C)increases government tax revenues.
• D)receives favorable tax treatment.

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Definitions:

Multi-year Period

An extended timeframe that spans over multiple years, often used in the context of financial planning or contracts.

Variance

A numerical indicator representing the variance within a dataset, highlighting the extent to which the values deviate from the mean.

Squared Deviation

The squared difference between a specific value and a comparison value, commonly used in statistics to measure variability.

Average Return

A calculation that represents the typical gain or loss of an investment over a specified period.