MHA 710 EXAM 3- LSUSHS
Which of the following statements is true concerning the trend in community hospital
care between inpatient & outpatient services since the mid-1980s? - CORRECT
ANSWER-Outpatient services have been growing, while inpatient services have been
declining.
On average, biopharmaceutical companies spend approximately what percentage of
their sales revenue on research & development? - CORRECT ANSWER-5-10 percent.
In 2019, Medicare covered approximately how many Americans? - CORRECT
ANSWER-60 milllion.
What was the main effect of the agreement on Trade-Related Aspects of Intellectual
Property Rights (TRIPS) on United States' domestic policy? - CORRECT ANSWER-It
extended the life of patents from 17 years from the date of grant to 20 years from the
date of application.
Suppose the market for nursing services in a local community is so dominated by a
single community hospital that, for all practical purposes, it is considered a monopsony.
Using the diagram below, answer the question.
If the market were perfectly competitive instead of dominated by a monopsonist, what
would the equilibrium wage & level of employment be? - CORRECT ANSWER-W1 &
E1.
In order to be a successful price discriminator, a provider must have a degree of market
power (depicted by a downward-sloping demand curve) & meet what other condition(s)?
- CORRECT ANSWER-Markets must be segmentable, identifying differences in ability
to pay.
The merger of 2 community hospitals located in the same geographic market is called: -
CORRECT ANSWER-Horizontal integration.
Which of the following characteristics is true of the pharmaceutical industry? -
CORRECT ANSWER-Exclusive rights to market & sell patented products.
The tax fully dedicated to provide support for Medicare Part A is: - CORRECT
ANSWER-A 2.9 percent payroll tax paid by all workers, regardless of their age.
Several reform options have been discussed by Congress to solve some of the
structural problems that plague the program. Which of the following options has
Which of the following statements is true concerning the trend in community hospital
care between inpatient & outpatient services since the mid-1980s? - CORRECT
ANSWER-Outpatient services have been growing, while inpatient services have been
declining.
On average, biopharmaceutical companies spend approximately what percentage of
their sales revenue on research & development? - CORRECT ANSWER-5-10 percent.
In 2019, Medicare covered approximately how many Americans? - CORRECT
ANSWER-60 milllion.
What was the main effect of the agreement on Trade-Related Aspects of Intellectual
Property Rights (TRIPS) on United States' domestic policy? - CORRECT ANSWER-It
extended the life of patents from 17 years from the date of grant to 20 years from the
date of application.
Suppose the market for nursing services in a local community is so dominated by a
single community hospital that, for all practical purposes, it is considered a monopsony.
Using the diagram below, answer the question.
If the market were perfectly competitive instead of dominated by a monopsonist, what
would the equilibrium wage & level of employment be? - CORRECT ANSWER-W1 &
E1.
In order to be a successful price discriminator, a provider must have a degree of market
power (depicted by a downward-sloping demand curve) & meet what other condition(s)?
- CORRECT ANSWER-Markets must be segmentable, identifying differences in ability
to pay.
The merger of 2 community hospitals located in the same geographic market is called: -
CORRECT ANSWER-Horizontal integration.
Which of the following characteristics is true of the pharmaceutical industry? -
CORRECT ANSWER-Exclusive rights to market & sell patented products.
The tax fully dedicated to provide support for Medicare Part A is: - CORRECT
ANSWER-A 2.9 percent payroll tax paid by all workers, regardless of their age.
Several reform options have been discussed by Congress to solve some of the
structural problems that plague the program. Which of the following options has
