Adverse Selection Is Present in Medical Insurance Because,as Fewer Families

question 166

Multiple Choice

Adverse selection is present in medical insurance because,as fewer families choose to purchase insurance,the cost of premiums will __________,ensuring that __________ families buy insurance.

• A) decrease;fewer
• B) decrease;more
• C) remain unchanged;more
• D) increase;fewer
• E) increase;more

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Definitions:

Intellectual Flexibility

The ability to adapt one's thinking and strategies to new situations, challenges, and perspectives, often involving open-mindedness and creativity.

Educated

Having acquired knowledge, skills, and learning through formal schooling or self-directed study.

Wealthier

Possessing a higher amount of financial resources, assets, or material wealth compared to others.

Occupational Segregation

The division of jobs and professions along demographic lines, such as gender, ethnicity, or race, leading to inequality and disparity in the workplace.