can anybody help me with these remaining questions?

Question

1Defensive medicine:

a. solves the moral hazard problem.

b. increases the demand for health care.

c. solves the principal-agent problem.

d. is the same as preventive medicine

2 The equality-efficiency tradeoff refers to:



a. the conflict between risk averters and risk takers.

b. the willingness of Congress to abandon existing welfare programs in favor of a comprehensive plan to increase education and training for low-income persons.

c. possible conflicts between the goals of economic efficiency and greater income equality.

d. the difference between the goals of income equality and equality of economic opportunity.

3 Sam decides to join the Gigantic State University's rugby team when he learns that his health insurance will pay for any subsequent injury. This illustrates:



a. the diagnosis-related-group system.

b. a "pay or play" system.

c. the moral hazard problem.

d. the Coase theorem.

Answer 1

1) a
2) b
3) c

Guesses only.