Providers of Health Care Insurance Require Applicants to Provide Information

question 53

Multiple Choice

Providers of health care insurance require applicants to provide information on their medical history.The purpose may be to minimize which of the following problems?

• A)moral hazard
• B)adverse selection
• C)government taxes
• D)opportunity cost

Identify the role of human capital in the economic growth of a nation.

Analyze the benefits of innovative practices in reducing inefficiencies within industries, such as the use of technology in education and the fishing industry.

Comprehend the methodology and significance of using random experiments in social science research.

Understand the implications of introducing technology in traditional industries and its effects on market dynamics.

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Definitions:

Document Consent

The process of obtaining and recording formal permission from participants before involving them in research or a particular procedure.

Observing Public Behavior

The act of watching and analyzing the actions and interactions of individuals in public spaces to gather data for research purposes.

Beneficence

An ethical principle requiring that actions benefit others or contribute to their welfare.

Welfare

Refers to the health, happiness, and fortunes of a person or group, often considered in economic and social policies.