Health Economics and Policy Study Set 1

Business

Quiz 9 :

The Physicians Services Market

Quiz 9 :

The Physicians Services Market

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To address the shortage of physicians on the horizon, it will be necessary to
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D

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An important element in estimating the present value of an investment is the calculation of the discount factor. The discount factor may be expressed as _______ where r is the discount rate and n is the number of years the investment is held.
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C

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Starting salaries for female OB/GYNs are higher than those of male OB/GYNs. What is the best explanation for this?
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C

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Suppose the number of medical school graduates continues to increase over the next decade. Which of the following is true?
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Which of the following would increase the supply of physicians?
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In 2010, the medical specialty that earned the highest rate of return on investment was
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The observed variations in practice patterns in different regions of the country are difficult to eliminate
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Surgical specialists earn more than general/family practice physicians. Which of the following statements is not true regarding this income differential?
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Suppose the market for nursing services in a local community is so dominated by a singly community hospital that for all practical purposes it is considered a monopsony. Using the diagram below, answer questions 1-2. img -What is the equilibrium wage and level of employment under monopsony?
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Physicians salaries increased substantially over the decade 1995-2005 from an average of $215,000 to $315,000. What is the best explanation for this?
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What is the most significant cost of attending medical school?
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Input demand is called derived demand because
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The rate of return on an investment in medical education
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Empirical studies that suggest differences in utilization rates between fee-for-service and managed care plans
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Which of the following statements about the distribution of physicians among specialties is true in the United States?
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Physicians who own their own diagnostic testing facilities tend to order more tests, charge higher fees for them, and have higher total bills to patients. This practice of self-referral is an example of
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Suppose the market for nursing services in a local community is so dominated by a singly community hospital that for all practical purposes it is considered a monopsony. Using the diagram below, answer questions 1-2. img -If the market were perfectly competitive instead of dominated by a monopsonist, what would the equilibrium wage and level of employment be?
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