Becky's comprehensive major medical health insurance plan at work has a deductible of $730. the policy pays 80 percent of any amount above the deductible. while on a hiking trip, becky contracted a rare bacterial disease. her medical costs for treatment, including medicines, tests, and a seven-day hospital stay, totalled $9,233. a friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $4,700.a. calculate the total amount becky would pay under the current policy. b. would a $4,700 stop-loss provision on her current policy have reduced becky's cost for this illness?

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively