Question: 1). What are the three conditions for moral hazard to be evident in a market? Briefly explain each. 2). Suppose the US decided to move

1). What are the three conditions for moral hazard to be evident in a market? Briefly explain each.

2). Suppose the US decided to move from the current system of having healthcare provided through several different channels, to universal health care. Using the idea of the health policy trilemma, which of the goals would the US be moving towards, and which of the goals would it be moving away from? In other words, what trade-off would be involved? There is not one correct answer to this question.

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