In a World Without Underwriting,insurance Would Become __________ Because of _____________

question 67

Multiple Choice

In a world without underwriting,insurance would become __________ because of _____________.

• A)unfeasible; adverse selection
• B)unfeasible; homogeneity of exposures
• C)inexpensive; adverse selection
• D)prohibitively expensive; moral hazard

Recognize the anatomical positions and terminology relevant to coding.

Identify the professional ethical guidelines and resources coders must follow.

Understand the impact of coding accuracy on healthcare documentation and billing.

Familiarize with key organizations and their contributions to the coding field.

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Definitions:

Classical Economists

Economists from the 18th and 19th centuries who believed in self-regulating markets and emphasized the importance of supply in determining economic value.

Money

A medium of exchange that facilitates trade, and is widely accepted in payment for goods and services and repayment of debts.

Savings

The portion of income not spent on consumption, often set aside for future use or investment.

Equilibrium

A condition where the supply and demand in the market are in equilibrium, leading to stable prices.