Which of the Following Is Not an Advantage to an Insurance

question 109

Multiple Choice

Which of the following is not an advantage to an insurance company insuring a large group of people for health insurance?

• A)The characteristics of a large group are likely to reflect those of the entire population.
• B)It is easier to accurately predict the number of claims for a group than for an individual.
• C)When all group members pay the premium, the problem of moral hazard is reduced.
• D)When all group members pay the premium, the problem of adverse selection is reduced.

Differentiate between recall, recognition, and other forms of memory testing.

Explain the effects of cues and context on memory recall.

Understand the role of mnemonic devices and other strategies in enhancing memory.

Describe the phenomena of forgetting and theories that explain it.

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Definitions:

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.

Capital Scarcity

A situation where there is a limited availability of capital resources (such as funds or equipment) relative to demand, often leading to increased costs or lower growth.

Incentive

A factor, often a monetary reward or advantage, that motivates individuals or entities to act in a certain way.

Productively

Refers to producing goods or services in a way that makes the best use of resources like time, materials, and labor.