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Lesechka [4]
4 years ago
9

When Joe didn't have health insurance, he acted very cautiously, because he knew he would have to pay for any medical bills he i

ncurred. Now that he has health insurance, he engages in more risky activities, such as skydiving and snowboarding, because he knows that if he gets hurt, his health insurance will cover it.
The economic problem in this story is known as:
a. Signaling
b. Moral hazard
c. Adverse selection
d. Screening
Business
1 answer:
pishuonlain [190]4 years ago
7 0

Answer:

The correct option is B

Explanation:

As Joe has health insurance, now he is engaged in the activities which are more risky because he knows that if he gets hurt then the health insurance will cover it. So, this economic problem in the story will be referred to as the moral hazard because it is a hazard when one party can take the risks knowing that the other party will bear the outcome.

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Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc
PIT_PIT [208]

Answer:

Mar 17.

6150 Bad Debt Expense  $1.000 - Debit

1010 CASH Operating Account $275 - Debit

                 1290 A/REC Allowance for Uncollectible Accounts  $1.000 - Credit

                 1220 A/REC Trade Notes Receivable $275 - Credit

Jul 29.

1290 A/REC Allowance for Uncollectible Accounts  $1.000 - Debit

1010 CASH Operating Account $1.000 - Debit

                        6150 Bad Debt Expense  $1.000 - Credit

                        1220 A/REC Trade Notes Receivable $1.000 - Credit

Explanation:

7 0
4 years ago
what is the best place to obtain a masters degree!A)community college.B)public high school.C)trade school.D)university
Katarina [22]

its d) university \(-u-)/ thats where anyone who wants a degree in anything has to go to


7 0
3 years ago
The pharmaceutical company Merck's new drug Vioxx was a blockbuster, generating revenues of $2.5 billion a year by 2002 and grow
nalin [4]

Answer:

Core Values

Explanation:

In the given scenario, Merck has deviated from its core values which are dedicated to the healthcare sector and transparency of drug development. It manipulated and didn't made the side effects of the drug public during testing.

4 0
3 years ago
Read 2 more answers
The King Corporation has ending inventory of $386,735, and cost of goods sold for the year just ended was $4,981,315. a. What is
trapecia [35]

Answer:

12.88

Explanation:

Given that,

Ending inventory = $386,735

Cost of goods sold for the year just ended = $4,981,315

The inventory turnover ration is determined by dividing the Cost of goods sold for the year just ended by the Ending inventory.

Inventory turnover:

= Cost of goods sold ÷ Ending inventory

= $4,981,315 ÷ $386,735

= 12.88

Therefore, the inventory turnover for the king corporation is 12.88

6 0
4 years ago
Culver, Inc. produces two different products (Product V3 and Product G8) using two different activities: Machining, which uses m
rjkz [21]

Answer:

$900,000

Explanation:

Given that,

Activity rate for Machining = $200 per machine hour

Total machine hours = Product V3 + Product G8

                                  = 1,500 + 3,000

                                  = 4,500

Total number of batches = 71

Total cost of Machining:

= Total machine hours × Activity rate for Machining

= 4,500 machine hours × $200 per machine hour

= $900,000

8 0
3 years ago
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