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Health Economics and Policy Study Set 1

Business

Quiz 5 :

The Demand for Health and Medical Care

Quiz 5 :

The Demand for Health and Medical Care

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Many economists consider medical care a superior good. Which of the following statements is true regarding a superior good?
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E

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Health insurance features that tend to reduce moral hazard include
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D

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The top ten causes of death in the United States in 2010 included all of the following but
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E

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The accompanying diagram depicts the relationship between health status and medical care spending for a particular country. Which of the following statements is true? img
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McKeown's 1976) research attributed the majority of the secular decline in mortality rates in Europe and North America to
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Suppose the recipient of a kidney transplant has stated that she would prefer 5 years of perfect health to the 10 years she expects to live with her transplant. For this person, each of her remaining 10 years of life has a QALY value of
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A critical assumption in the model of demand and supply is the independence of demand and supply curves. If the two are not independent, a shift in the supply curve can lead to a shift in the demand curve referred to as
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The RAND Health Insurance Study
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If health care spending is already on the flat-of-the-curve, it may not be possible to buy improved health status by increasing spending. In this situation, the best way to improve health status may be to
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The concept quality-adjusted life year QALY)
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Factors affecting medical care demand include
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The following diagram depicts the market for physicians' services that is originally in equilibrium at point a with demand and supply at D0 and S0. As physician supply increases from S0 to S1, a concurrent shift in demand from D0 to D1 img
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Health care that actually harms the patient, such as an adverse reaction to a prescription drug is called
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The number one cause of death in the United States in 1980 was
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A physician's ability to induce demand is greatly enhanced when
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