Examlex
The comparative method of 19th century social science took diversity in the world's cultures and put them in an evolutionary sequence. Those with "simple" technology were at the bottom of the scale, and those with the most complex technology were at the top.
Deductibles
In insurance, the amount that the insured must pay out-of-pocket before the insurance company pays its share of the expenses.
Health Insurance
A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, often provided by employers or purchased individually.
Adverse Selection
A situation where asymmetry of information results in high-risk individuals being more likely to participate in an agreement or market, leading to an inefficient outcome.
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