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Home » Practice Questions

Asymmetric Information: How Hidden Facts Shape Markets

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Asymmetric Information

2 Topics
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4 Quizzes
1. Asymmetric Information and Used Cars
  1. Practice Questions
  2. Learn with AI
2. Asymmetric Information in Health Insurance
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  2. Learn with AI
Moral Hazard

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1. Moral Hazard
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2. Solutions to Moral Hazard
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Signaling

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1. Signaling
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  2. Learn with AI

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Asymmetric Information: How Hidden Facts Shape Markets
Asymmetric Information
Asymmetric Information in Health Insurance
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Question 1 of 3

1. Question

If insurers price health insurance based on the average health of individuals in their pool, who is unlikely to buy health insurance?

a. The healthiest individuals
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b. The average healthy individuals
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c. The least healthy individuals
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d. All will buy health insurance no matter the price
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Question 2 of 3

2. Question

Which of the following best explains why propitious selection reduces adverse selection in insurance markets?

a. Healthier people tend to opt out of coverage unless forced
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b. Individuals with greater health risks are more likely to buy insurance
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c. Insurance companies can exclude unhealthy individuals after screening
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d. People who are risk-averse are often both healthier and more likely to buy insurance
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Question 3 of 3

3. Question

How does employer health insurance resolve adverse selection problems in health insurance markets?

a. Employers have more health information than individuals
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b. Insurers charge each employee based on personal risk
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c. Healthy and sick employees are included in one risk pool
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d. The government subsidizes all employer plans
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