MHA 710- HEALTHCARE ECONOMICS / EXAM 2 QUESTIONS
AND CORRECT ANSWERS ALREADY GRADED A+
GUARANTEED SUCCESS
There are substantial differences in medical care use by demographic characteristics
such as age, sex, and marital status. Which of the following statements is true?
A. Infant girls are healthier than infant boys are and consume fewer medical
resources
B. Average hospital stays are longer for women than men
C. Single individuals regardless of age are hospitalized less than married people are
D. People aged 80 or more spend about the same amount on medical care as 60 year
olds do
E. Adult women spend more money on medical care than men do
E. Adult women spend more money on medical care than men do
Many economists consider medical care a superior good. Which of the following
statements is true regarding a superior good?
A. When the price of a superior good increases, consumers demand more of it.
B. Consumers want more of a superior good regardless of its price.
C. Superior goods are considered necessities.
D. A superior good has an income elasticity of demand less than one.
E. As consumer income increases, consumers spend more on superior goods.
E. As consumer income increases, consumers spend more on superior goods.
The primary tasks required to conduct a successful cost effectiveness study are all
of the following except:
A. Identifying the overall cost of a health condition on society
B. Establishing the relevant alternative(s) for comparison
,C. Ranking the alternatives in terms of overall costs
D. Identifying and measuring all relevant costs
E. Adequately measuring the effectiveness of the procedures evaluated
A. Identifying the overall cost of a health condition on society
According to Grossman (1972), how is the demand for medical care determined?
A. Insurance coverage is the most important factor
B. It is derived from the demand for health
C. It is determined primarily by the age of the individual
D. Genetic factors are all that matter
B. It is derived from the demand for health
Suppose you must rely exclusively on cost-effectiveness analysis (CEA) to
determine whether a category of people receives an expensive, potentially life-
saving, intervention. Which of the following considerations must you keep in mind
when making your decision?
A. CEA studies are subjective and rely on the judgment of clinicians and researchers
B. CEA studies take a long time to conduct and are expensive to evaluate
C. CEA determines the efficient threshold above which treatments are unnecessarily
expensive
D. CEA ignores the possibility that certain unidentified individuals in a group may
have a greater than normal positive response to the treatment
E. CEA studies are considered the gold standard as far as evaluation studies are
concerned
D. CEA ignores the possibility that certain unidentified individuals in a group may
have a greater than normal positive response to the treatment
Researchers use cost-of-illness studies for all of the following except to:
A. Determine the low-cost option to treat a disease
, B. Study the burden of a disease
C. Increase public awareness of the cost of treating certain diseases
D. Compare two or more treatment options when the medical outcome is identical
E. Compare the relative efficiency of treating various conditions
E. Compare the relative efficiency of treating various conditions
The intangible costs associated with reduced quality of life include:
A. Lost productivity at work
B. Pain and suffering
C. The cost of home remodeling to accommodate a physical handicap
D. Potential income lost due to premature death
E. Household services that must be replaced, such as housework
B. Pain and suffering
A physician's ability to induce demand is greatly enhanced when:
A. Treatment options are limited
B. The physician follows strict treatment guidelines
C. Patients have difficulty gathering and processing information
D. Patients pay their own medical bills
E. Patients request follow-up visits
C. Patients have difficulty gathering and processing information
Under which of the following circumstances is the principal-agent relationship likely
to be most problematic?
A. Between physicians and lawyers
B. Between general practitioners and patients
C. Between hospitals and nurses
D. Between dentists and physicians
AND CORRECT ANSWERS ALREADY GRADED A+
GUARANTEED SUCCESS
There are substantial differences in medical care use by demographic characteristics
such as age, sex, and marital status. Which of the following statements is true?
A. Infant girls are healthier than infant boys are and consume fewer medical
resources
B. Average hospital stays are longer for women than men
C. Single individuals regardless of age are hospitalized less than married people are
D. People aged 80 or more spend about the same amount on medical care as 60 year
olds do
E. Adult women spend more money on medical care than men do
E. Adult women spend more money on medical care than men do
Many economists consider medical care a superior good. Which of the following
statements is true regarding a superior good?
A. When the price of a superior good increases, consumers demand more of it.
B. Consumers want more of a superior good regardless of its price.
C. Superior goods are considered necessities.
D. A superior good has an income elasticity of demand less than one.
E. As consumer income increases, consumers spend more on superior goods.
E. As consumer income increases, consumers spend more on superior goods.
The primary tasks required to conduct a successful cost effectiveness study are all
of the following except:
A. Identifying the overall cost of a health condition on society
B. Establishing the relevant alternative(s) for comparison
,C. Ranking the alternatives in terms of overall costs
D. Identifying and measuring all relevant costs
E. Adequately measuring the effectiveness of the procedures evaluated
A. Identifying the overall cost of a health condition on society
According to Grossman (1972), how is the demand for medical care determined?
A. Insurance coverage is the most important factor
B. It is derived from the demand for health
C. It is determined primarily by the age of the individual
D. Genetic factors are all that matter
B. It is derived from the demand for health
Suppose you must rely exclusively on cost-effectiveness analysis (CEA) to
determine whether a category of people receives an expensive, potentially life-
saving, intervention. Which of the following considerations must you keep in mind
when making your decision?
A. CEA studies are subjective and rely on the judgment of clinicians and researchers
B. CEA studies take a long time to conduct and are expensive to evaluate
C. CEA determines the efficient threshold above which treatments are unnecessarily
expensive
D. CEA ignores the possibility that certain unidentified individuals in a group may
have a greater than normal positive response to the treatment
E. CEA studies are considered the gold standard as far as evaluation studies are
concerned
D. CEA ignores the possibility that certain unidentified individuals in a group may
have a greater than normal positive response to the treatment
Researchers use cost-of-illness studies for all of the following except to:
A. Determine the low-cost option to treat a disease
, B. Study the burden of a disease
C. Increase public awareness of the cost of treating certain diseases
D. Compare two or more treatment options when the medical outcome is identical
E. Compare the relative efficiency of treating various conditions
E. Compare the relative efficiency of treating various conditions
The intangible costs associated with reduced quality of life include:
A. Lost productivity at work
B. Pain and suffering
C. The cost of home remodeling to accommodate a physical handicap
D. Potential income lost due to premature death
E. Household services that must be replaced, such as housework
B. Pain and suffering
A physician's ability to induce demand is greatly enhanced when:
A. Treatment options are limited
B. The physician follows strict treatment guidelines
C. Patients have difficulty gathering and processing information
D. Patients pay their own medical bills
E. Patients request follow-up visits
C. Patients have difficulty gathering and processing information
Under which of the following circumstances is the principal-agent relationship likely
to be most problematic?
A. Between physicians and lawyers
B. Between general practitioners and patients
C. Between hospitals and nurses
D. Between dentists and physicians
