HEALTHCARE ECONOMICS MIDTERM
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Regis NU-713 Midterm Exam Infection prevention certification CPH Exam (2025) AC
57 terms 193 terms 125 terms
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H represents level of health
X represents home goods that contribute to usefulness and satisfaction (i.e
video games, time with friends)
Choose matching term
1 H and W relationship (Ut=U(Wt, Xt)) 2 X and Z relationship (Ut=U(Xt, Zt))
3 H and Y relationship (Ut=U(Ht, Yt)) 4 H and X relationship (Ut=U(Ht, Xt))
Don't know?
What proportion of the GDP is 0.18
spent on healthcare?
arc elasticity of demand price elasticity calculated over a range of prices
, False: Healthcare has an INELASTIC demand. Any value between
True of False: Healthcare has an 0 and -1 has an inelastic demand. This proposes that while
ELASTIC demand healthcare demand does change to price, the change is not
significant enough for it to be considered elastic.
Price alone does NOT affect ones health. However, other factors
does price for care affect
may contribute to it affecting health such as low-income, or
health?
having high blood pressure).
Health plays as a:
The Grossman Model (3
Consumption Good
components)
An input into Production
A form of Stock
Utility Usefulness; capable of satisfying wants and needs
H represents level of health
H and X relationship (Ut=U(Ht,
Xt)) X represents home goods that contribute to usefulness and
satisfaction (i.e video games, time with friends)
differences in health -- incidence, prevalence, mortality, and
Health Disparity
burden of disease -- between specific populations
True or False: Educated TRUE
individuals are more likely to live
longer compared to HS
dropouts
Early life events
Income levels
Stress of being poor
Why do disparities exist?
Work Capacity
Impatience
Adherence to Medical Advice
Which of the following is The projected health care spending as a share of GDP in 2025 is
incorrect about US healthcare? lower than the current share
For every 10 percent increase in Answer: -0.3
price of health care services,
demand falls by 3 percent. How
much is the own price elasticity
of demand for healthcare?
What is a cadillac plan? A very generous employer-sponsored health insurance plan
Demand for healthcare is not Vertical
Which option is NOT true on the It affects healthy people
price of healthcare?
Which factor effects health? All of the above
On average, which group is less Hispanics vs. whites
healthy than the other group?
Which theory explains the effect Productive Time theory
of health on income?
Which one applies to an More likely to become a surfer
impatient individual?
REVIEW/ACTUAL EXAM QUESTIONS &
ANSWERS RATED 100% CORRECT!!
Save
Students also studied
Flashcard sets Study guides
Regis NU-713 Midterm Exam Infection prevention certification CPH Exam (2025) AC
57 terms 193 terms 125 terms
roshenax Preview Carolmatch Preview francis_thuo
Stretch your brain before your first study session
Learn 1 /7 Study with Learn
H represents level of health
X represents home goods that contribute to usefulness and satisfaction (i.e
video games, time with friends)
Choose matching term
1 H and W relationship (Ut=U(Wt, Xt)) 2 X and Z relationship (Ut=U(Xt, Zt))
3 H and Y relationship (Ut=U(Ht, Yt)) 4 H and X relationship (Ut=U(Ht, Xt))
Don't know?
What proportion of the GDP is 0.18
spent on healthcare?
arc elasticity of demand price elasticity calculated over a range of prices
, False: Healthcare has an INELASTIC demand. Any value between
True of False: Healthcare has an 0 and -1 has an inelastic demand. This proposes that while
ELASTIC demand healthcare demand does change to price, the change is not
significant enough for it to be considered elastic.
Price alone does NOT affect ones health. However, other factors
does price for care affect
may contribute to it affecting health such as low-income, or
health?
having high blood pressure).
Health plays as a:
The Grossman Model (3
Consumption Good
components)
An input into Production
A form of Stock
Utility Usefulness; capable of satisfying wants and needs
H represents level of health
H and X relationship (Ut=U(Ht,
Xt)) X represents home goods that contribute to usefulness and
satisfaction (i.e video games, time with friends)
differences in health -- incidence, prevalence, mortality, and
Health Disparity
burden of disease -- between specific populations
True or False: Educated TRUE
individuals are more likely to live
longer compared to HS
dropouts
Early life events
Income levels
Stress of being poor
Why do disparities exist?
Work Capacity
Impatience
Adherence to Medical Advice
Which of the following is The projected health care spending as a share of GDP in 2025 is
incorrect about US healthcare? lower than the current share
For every 10 percent increase in Answer: -0.3
price of health care services,
demand falls by 3 percent. How
much is the own price elasticity
of demand for healthcare?
What is a cadillac plan? A very generous employer-sponsored health insurance plan
Demand for healthcare is not Vertical
Which option is NOT true on the It affects healthy people
price of healthcare?
Which factor effects health? All of the above
On average, which group is less Hispanics vs. whites
healthy than the other group?
Which theory explains the effect Productive Time theory
of health on income?
Which one applies to an More likely to become a surfer
impatient individual?
