QuestionMay 30, 2025

The RAND Health Insurance Experiment was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants (as opposed to letting them choose). True False

The RAND Health Insurance Experiment was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants (as opposed to letting them choose). True False
The RAND Health Insurance Experiment was especially useful for measuring price elasticities
because it randomly assigned insurance plans to participants (as opposed to letting them
choose).
True
False

Solution
4.7(254 votes)

Answer

True Explanation 1. Understand the context The RAND Health Insurance Experiment randomly assigned insurance plans, eliminating selection bias and allowing for accurate measurement of price elasticities.

Explanation

1. Understand the context<br /> The RAND Health Insurance Experiment randomly assigned insurance plans, eliminating selection bias and allowing for accurate measurement of price elasticities.
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