7/22/25, 3:37 PM
EC248 T/F/U EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
GRADED A++ 2025/2026
Terms in this set (45)
Insurance coverage False. Likely has a major impact, if
likely has little something is not covered and is
impact on people's expensive to pay with from out-of-pocket
use of needed health then that individual likely won't be able to
care get access to that care.
services.Insurance
coverage likely has
little impact on
people's use of
needed health care
services.
Reducing True. Should look at government
inequalities in health transfers to provide a baseline
within the necessary level of health-care to all
population should individuals.
focus primarily on
the distribution of
health care.
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0
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True. Advancement in technology has a
Because it increases great impact on health expenditure
GDP, increased causing increase in health care spending.
health care spending Increase in health spending has a direct
is a sign of a robust relation with increased GDP. Increased
economy. GDP is a sign of increased consumer
purchasing power. Increase in purchasing
power implies a strong and health
economy, i.e robust economy.
True, There have been many variations in
The variation in the hospital procedures, technologies, testing
design of health care and costs, however, there has been a
systems is a sure good impact on the health care system.
sign of inefficiency. To take up variation in design requires lots
of expenditure, which ultimately affects
the way of treating patients in an
inefficient manner.
True. Health care technologies continue
The evolution of to evolve changing the overall design of
health care the health care system in order to bring
technologies causes improvements in patent care and
the efficient design treatment.
of a health care Technology can lead to reduces costs
system to change with can increase the accessibility of
over time. health care. Other education
2/2
0
, 7/22/25, 3:37 PM
improvements via technology can provide
better information for patients and
physicians.
All production points False. Points on the PPF show the
on the production productive efficiency and not the
possibilities frontier allocative efficiency. The PPF only shows
are allocatively the potential output.
efficient.
Scarcity of resources False. Scarcity arises due to a system of
results from unlimited wants constrained by limited
inefficiency. resources. Impossible to satiate
everyone's desires given the resources
provided on earth. This results in
scarcity.
There is no False. Opportunity cost is the cost of the
opportunity cost next best alternative. Just because a
for applications of process meets all the efficiency criteria
resources that are does not mean there are not alternatives.
technologically
efficient, cost-
effective, and
allocatively
efficient.
An equitable True. Equitable does not mean equal.
Although in certain circumstances the
3/2
0
EC248 T/F/U EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
GRADED A++ 2025/2026
Terms in this set (45)
Insurance coverage False. Likely has a major impact, if
likely has little something is not covered and is
impact on people's expensive to pay with from out-of-pocket
use of needed health then that individual likely won't be able to
care get access to that care.
services.Insurance
coverage likely has
little impact on
people's use of
needed health care
services.
Reducing True. Should look at government
inequalities in health transfers to provide a baseline
within the necessary level of health-care to all
population should individuals.
focus primarily on
the distribution of
health care.
1/2
0
,7/22/25, 3:37 PM
True. Advancement in technology has a
Because it increases great impact on health expenditure
GDP, increased causing increase in health care spending.
health care spending Increase in health spending has a direct
is a sign of a robust relation with increased GDP. Increased
economy. GDP is a sign of increased consumer
purchasing power. Increase in purchasing
power implies a strong and health
economy, i.e robust economy.
True, There have been many variations in
The variation in the hospital procedures, technologies, testing
design of health care and costs, however, there has been a
systems is a sure good impact on the health care system.
sign of inefficiency. To take up variation in design requires lots
of expenditure, which ultimately affects
the way of treating patients in an
inefficient manner.
True. Health care technologies continue
The evolution of to evolve changing the overall design of
health care the health care system in order to bring
technologies causes improvements in patent care and
the efficient design treatment.
of a health care Technology can lead to reduces costs
system to change with can increase the accessibility of
over time. health care. Other education
2/2
0
, 7/22/25, 3:37 PM
improvements via technology can provide
better information for patients and
physicians.
All production points False. Points on the PPF show the
on the production productive efficiency and not the
possibilities frontier allocative efficiency. The PPF only shows
are allocatively the potential output.
efficient.
Scarcity of resources False. Scarcity arises due to a system of
results from unlimited wants constrained by limited
inefficiency. resources. Impossible to satiate
everyone's desires given the resources
provided on earth. This results in
scarcity.
There is no False. Opportunity cost is the cost of the
opportunity cost next best alternative. Just because a
for applications of process meets all the efficiency criteria
resources that are does not mean there are not alternatives.
technologically
efficient, cost-
effective, and
allocatively
efficient.
An equitable True. Equitable does not mean equal.
Although in certain circumstances the
3/2
0
