NHS6008
Economics & Decision
Making in Health Care
Final Exam Guide
Q&A
2024
, 1. Multiple Choice: In the context of healthcare economics, which of the
following is considered a direct cost?
a) Patient's travel expenses to the clinic
b) Training costs for healthcare staff
c) Investment in medical research
d) Loss of productivity due to illness
Answer: b) Training costs for healthcare staff
Rationale: Direct costs are those costs that are directly attributable to
the healthcare service, such as staff training, equipment, and supplies.
2. True/False: The concept of 'marginal utility' is significant in healthcare
decision-making as it helps to determine the value of additional units of
healthcare services.
Answer: True
Rationale: Marginal utility in healthcare economics helps to assess the
benefit gained from an additional unit of healthcare service, aiding in
efficient resource allocation.
3. Fill-in-the-Blank: The __________ model is a framework for
understanding the interaction between healthcare providers and
patients, with an emphasis on economic incentives.
Answer: Principal-agent
Economics & Decision
Making in Health Care
Final Exam Guide
Q&A
2024
, 1. Multiple Choice: In the context of healthcare economics, which of the
following is considered a direct cost?
a) Patient's travel expenses to the clinic
b) Training costs for healthcare staff
c) Investment in medical research
d) Loss of productivity due to illness
Answer: b) Training costs for healthcare staff
Rationale: Direct costs are those costs that are directly attributable to
the healthcare service, such as staff training, equipment, and supplies.
2. True/False: The concept of 'marginal utility' is significant in healthcare
decision-making as it helps to determine the value of additional units of
healthcare services.
Answer: True
Rationale: Marginal utility in healthcare economics helps to assess the
benefit gained from an additional unit of healthcare service, aiding in
efficient resource allocation.
3. Fill-in-the-Blank: The __________ model is a framework for
understanding the interaction between healthcare providers and
patients, with an emphasis on economic incentives.
Answer: Principal-agent
