Economics EC248 – Quiz 12 – Practice Questions
The following statement best describes models that treat hospitals as doctors' workshops
doctors are in charge of the hospital and maximize income
doctors are in charge of the hospital and maximize patient outcomes
doctors under-invest in non-medical inputs because they are maximizing their income
there is no incomplete vertical integration as doctors are in charge of everything - correct
answer ✔✔ doctors are in charge of the hospital and maximize income
In North America it is typical for physicians to work in hospitals but not be employed by them.
This is a form of
vertical integration
horizontal integration
incomplete horizontal integration
incomplete vertical integration - correct answer ✔✔ incomplete vertical integration
Expenditures on pharmaceuticals
are the highest proportion of health care expenditures
have been steadily growing over the last two decades
are not a policy concern because they are not publicly funded
are a policy concern because they create spillover to research and development - correct
answer ✔✔ have been steadily growing over the last two decades
The hospital sector is dominated by
for profit organizations
not-for-profit organizations
not-only-for profit organizations
The following statement best describes models that treat hospitals as doctors' workshops
doctors are in charge of the hospital and maximize income
doctors are in charge of the hospital and maximize patient outcomes
doctors under-invest in non-medical inputs because they are maximizing their income
there is no incomplete vertical integration as doctors are in charge of everything - correct
answer ✔✔ doctors are in charge of the hospital and maximize income
In North America it is typical for physicians to work in hospitals but not be employed by them.
This is a form of
vertical integration
horizontal integration
incomplete horizontal integration
incomplete vertical integration - correct answer ✔✔ incomplete vertical integration
Expenditures on pharmaceuticals
are the highest proportion of health care expenditures
have been steadily growing over the last two decades
are not a policy concern because they are not publicly funded
are a policy concern because they create spillover to research and development - correct
answer ✔✔ have been steadily growing over the last two decades
The hospital sector is dominated by
for profit organizations
not-for-profit organizations
not-only-for profit organizations
