Instructions: Each Question Below Is an Entry for a Works

question 907

Multiple Choice

Instructions: Each question below is an entry for a Works Cited page. Select Correct if the entry is correctly formatted according to MLA guidelines or Incorrect if the entry is not correctly formatted. Hobson, Katherine. How to Get the Very Best Cancer Care. U.S. News World Report Dec. 2009: 52. Print.

• A) Correct
• B) Incorrect

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Definitions:

Long-term Care Insurance

Insurance coverage designed to cover the costs of long-term care services, including both medical and non-medical needs for people with a chronic illness or disability.

Health Insurance Market

A market that deals with the selling and buying of health insurance policies, facilitating coverage for medical expenses.

Adverse Selection

A situation in which one party in a transaction possesses information that the other party does not, leading to an imbalance in the transaction that can result in market inefficiency.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another. This can lead to an imbalance in power and potentially unfair transactions.