Econ 530 exam 1 - Study guides, Class notes & Summaries

health economics correct answersthe application of economic theories, tools, and concepts of economics as a discipline to the topics of health and healthcare concerned with issues related to the allocation of scarce resources to improve health, this includes both resource allocation within the economy to the health sector and within the healthcare system to different activities and individuals adverse selection correct answersa situation often resulting from asymmetric information in which...