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Health Economics and Policy Study Set 1

Business

Quiz 1 :

US Medical Care: an Uncertain Future

Quiz 1 :

US Medical Care: an Uncertain Future

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Charging higher prices for one category of patients in order to provide free or subsidized care to another group is called
Free
Multiple Choice
Answer:

Answer:

B

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Self-insurance refers to: the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance company. Approximately, _______ of all employees who participate in group insurance plans work for firms that self-insure.
Free
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Answer:

C

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Which of the following is not a characteristic that makes medical care different from other commodities?
Free
Multiple Choice
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Answer:

D

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Opportunity cost is a measure of
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Economists use the term "marginal" to describe costs and benefits
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According to recent public opinion polls, what percentage of Americans are satisfied with the quality of the medical care they receive?
Multiple Choice
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The opportunity cost of investing in a new lithotripter a machine that pulverizes kidney stones with sound waves) is
Multiple Choice
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According to economic theory what is the optimal percentage of GDP to be spent on medical care?
Multiple Choice
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Which of the following statements is based on positive analysis?
Multiple Choice
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The 1974 federal legislation that exempted employers from certain state laws governing health insurance was
Multiple Choice
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The "invisible hand" using Adam Smith's terminology refers to
Multiple Choice
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