Consider the following statements: (1) While life expectancy in the US is positively correlated with household income, this relationship has become weaker in the last decade. (2) The concept of adverse selection illustrates that asymmetric information can lead to market failure, in particular in the market for health insurance. a. Both statements are correct. Ob. Both statements are incorrect. O c. Statement (1) is correct but (2) is not. d. Statement (2) is correct but (1) is not.

Consider the following statements: (1) While life expectancy in the US is positively correlated with household income, this relationship has become weaker in the last decade. (2) The concept of adverse selection illustrates that asymmetric information can lead to market failure, in particular in the market for health insurance. a. Both statements are correct. Ob. Both statements are incorrect. O c. Statement (1) is correct but (2) is not. d. Statement (2) is correct but (1) is not.

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12A: Appendix 12a Changing Demographics: The Aging Of America

Section: Chapter Questions

Problem 2QAP

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