Match the Term with the Appropriate Definition or Description

question 17

Multiple Choice

Match the term with the appropriate definition or description:
-Rates based on risk factors

• A)adverse selection
• B)capitation
• C)classical principles of insurance
• D)coinsurance
• E)community rating
• F)copayment
• G)deductible
• H)disparities
• I)fee-for-service
• J)health care savings accounts
• K)healthy worker effect
• L)individual or differential rating
• M)lifetime cap
• N)Medicaid
• O)Medicare
• P)moral hazard
• Q)underinsured
• R)uninsured

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Definitions:

Transnational Trade Groups

International organizations composed of various countries that aim to promote and facilitate trade and economic cooperation among member nations.

Trade Agreements

Bilateral or multilateral agreements between countries that regulate tariffs, import quotas, and other trade restrictions to foster economic cooperation.

Free Trade

The unobstructed trade between countries, without tariffs, quotas, or other restrictions.

Gray Market

The trade of legal goods through unauthorized distribution channels, which, while not illegal, is unofficial and may not be supported by the original manufacturer.