Which of the Following Reasons Might Explain Why Health Insurance

question 6

Multiple Choice

Which of the following reasons might explain why health insurance purchased as a group might be less costly than coverage purchased individually?

• A) Greater bargaining power
• B) Risk spreading over a larger number of people
• C) Lower marketing costs for the provider
• D) Both a and b
• E) All of the above

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Definitions:

Visuospatial Sketchpad

A component of working memory responsible for the temporary storage and manipulation of visual and spatial information.

Short-Term Memory

The part of the memory system that is responsible for holding small amounts of information in an active, readily available state for a short duration.

Chunking

A cognitive strategy for making more efficient use of short-term memory by grouping related items together into a single unit or "chunk."

Short-Term Memories

The phase of memory where small amounts of information can be kept active for a brief period.