The Source of the Adverse Selection Problem Is ______

question 29

Multiple Choice

The source of the adverse selection problem is ______.

• A)that individuals with high incomes are able to pay all medical costs out-of-pocket
• B)that individuals least likely to need health care do not purchase insurance
• C)individuals lack important information regarding the appropriate health care for them
• D)individuals desire to have comprehensive health care insurance

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Definitions:

Ledger

A comprehensive record of all financial transactions that occur in a business, serving as the principal book for accounting and analysis.