ACTUAL SOLUTIONS ALREADY
PASSED!!
1 of 97
Term
All of the following are reasons why the concept of Perfect
Information does not apply well in health care EXCEPT:
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It prevented the labor unions from It is used in Health Maintenance
negotiating for benefit packages. Organizations (HMOs).
, It is impacted by the Consumers tend to think they
supplier's willingness to delay are sicker than they are
the good or service.
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2 of 97
Term
Perfect Inelastic demand means that a:
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Price changes have no effect on Demand decreases as prices
consumer purchasing increase significantly
behavior
Small change in price results in Large change in price results
a significant change in the in no change in the amount
amount demanded demanded
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, 3 of 97
Term
Kimball's plan included offering a large group of people the
opportunity to pay a set amount each month toward future hospital
services represents the modern insurance concept know as:
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Coinsurance Out-of-pocket Expense
All Of These Answers Are Correct Premium
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4 of 97
Term
What is the term describing a situation where the consumer who
receives the good or service is not the actual person paying for it?
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Vending Machine Third Party Market
Open Market Secondary Market
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5 of 97
Term
All of the following are true about almshouses EXCEPT:
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They were primarily established They were supported by
to serve the needs of the private funds from the
homeless population. wealthy.
They were entirely funded by They were operated solely
government grants. by volunteer workers without
any financial backing.
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6 of 97
Term
What type of payment scheme allows insurance companies to try to
influence consumer demand for services through the use of
copayments?
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