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H. economics W. 1

QuestionAnswer
What is adverse selection?
What is moral hazard?
What tools can the government use to reduce moral hazard?
What is physician-induced demand?
How can the government reduce the physician-induced demand?
What is the health trilemma?
What is the agent .... dilemma?
What is health economics?
Describe how insurances affect an individual's expected income and expected utility, with and without full insurance. Use the following letters:
What is consumer surplus and producer surplus? How is it calculated?
What is the difference between equality and equity?
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