Economics of Health and Medical Care 7th Edition Hicks Test Bank1.docx

,DOWNLOADgTHEgTestgBankgforgEconomicsgofgHealthgandgMedicalgCareg1st
EditiongHicks
EconomicsgofgHealthcaregandgMedicalgCare,gSeventhgEditiongLan
isgHicks,gPhD
Chapterg1—OverviewgofgEconomics

MultiplegChoice



1. PerhapsgthegmostgglaringgdeficiencygingthegUnitedgStatesgtodaygis:
A) Thegscarcitygofghealthcaregresources
B) Theglackgofgaffordableghealthginsurancegcoverage
C) Theghighgcostgofghealthgcaregservices
D) Thegpoorghealthgstatusgofgthegpopulatio
ngAns:gB
Complexity:
Ahead:
Subject:gChapterg1



2. Thegthreegmajorgtasksgofgeconomicsgare:
A) Description,gExplanation,gPrediction
B) Description,gEvaluation,gEstimation
C) Description,gExplanation,gEvaluation
D) Description,gEvaluation,gEstimation
gAns:gC
Complexity:
Ahead:
Subject:gChapterg1



3. Ifgthegquantitygofgphysiciangvisitsgincreasesgwhengthegpricegofgphysiciangvisitsgdecreases,gw
egcangconcludegthegcausalgrelationgis:
A) Negative
B) Positive
C) Constant
D) Unrelated
gAns:gAgCo
mplexity:
Ahead:
Subject:gChapterg1



4. Ingthegfollowingggraph,gifgthegpricegofgvisitsgifg$300,gthegquantitygofgvisitsgdemandedgis:
<INSERTgFigureg1.1>
A) 40
B) 30


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y
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,DOWNLOADgTHEgTestgBankgforgEconomicsgofgHealthgandgMedicalgCareg1st
EditiongHicks
EconomicsgofgHealthcaregandgMedicalgCare,gSeventhgEditiongLan
isgHicks,gPhD
Chapterg1—OverviewgofgEconomics

C) 20
D) 10
Ans:gDgComplexit
y:
Ahead:
Subject:gChapterg1



5. Ifgag$200gincreasegingpricegisgassociatedgwithgangincreasegingquantitygofg50gvisits,gwithgregardg
togthegquantitygaxisgthegslopegis:
A) 200/50
B) 200gXg50
C) 50/200
D) 50gXg200
Ans:gBgComplexit
y:
Ahead:
Subject:gChapterg1



True/False



1. Scarcitygisgagmajorgcausegofgmanygofgtoday’sghealthcaregsystemgproblem
s.gAns:gTrue
Complexity:
Ahead:
Subject:gChapterg1



2. Scarcitygisgdefinedgasgthegexcessivegquantitygofgavailableggoodsgandgservicesgcomparedgwit
hgthegamountsgthatgpeoplegdesire.
Ans:gFalsegCompl
exity:
Ahead:
Subject:gChapterg1



3. ThegsizegofgtheguninsuredgandgunderinsuredgpopulationgingthegUnitedgStatesghasgbecomega
ngindicationgofgthegaccessgproblemsgingthegUSghealthcaregsystem.


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y
mynursytest.store

, DOWNLOADgTHEgTestgBankgforgEconomicsgofgHealthgandgMedicalgCareg1st
EditiongHicks
EconomicsgofgHealthcaregandgMedicalgCare,gSeventhgEditiongLan
isgHicks,gPhD
Chapterg1—OverviewgofgEconomics

Ans:gTruegComple
xity:
Ahead:
Subject:gChapterg1



4. Economicsgisgthegdisciplinegthatgdealsgwithgthegconsequencesgofgresourcegscarcity
.gAns:gTrue
Complexity:
Ahead:
Subject:gChapterg1



5. Descriptivegeconomicsginvolvesgconductinggagcause-and-
effectganalysis.gAns:gFalse
Complexity:
Ahead:
Subject:gChapterg1



6. Thegpurposegofgagmodelgisgtogillustrategrelationsgbetweengeconomicgvariable
s.gAns:gFalse
Complexity:
Ahead:
Subject:gChapterg1



7. Ingcausalgterms,gslopegcangbegexpressedgasgthegmagnitudegorgsensitivitygofgrespons
e.gAns:gTrue
Complexity:
Ahead:
Subject:gChapterg1



ShortgAnswer



1. Definegthegdisciplinegofghealthgeconomics.



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y
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