Because People with Hidden Health Problems Are More Likely to Buy

question 103

Multiple Choice

Because people with hidden health problems are more likely to buy health insurance than are other people,

• A) the price of health insurance reflects the costs of a sicker-than-average person.
• B) the price of health insurance is too low, relative to the socially-optimal price.
• C) people in average health may be encouraged to buy too much health insurance, relative to the socially-optimal quantity.
• D) the Condorcet Paradox suggests that people who are sicker than average will ultimately buy more health insurance.

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Definitions:

Self-Fulfilling Prophesy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Mass Education

A system of education designed to provide basic education to large populations at once, typically through public schooling.

Gender Roles

The behaviors, tasks, and responsibilities that a society considers appropriate for men, women, and gender-diverse individuals.

Academic Dishonesty

is any type of cheating that occurs in relation to a formal academic exercise, violating the integrity of the educational process.