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Economics of Health and Medical Care
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Economics of Health and Medical Care
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Test Bank For Economics of Health and Medical Care 7th edition By Lanis Hicks 9781284183535 Chapter 1-17 Complete Guide .
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Test Bank For Economics of Health and Medical Care 7th edition By Lanis Hicks 9781284183535 Chapter 1-17 Complete Guide .
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Test Bank For Economics of Health and Medical Care 7thedition By Lanis Hicks 9781284183535 Chapter 1-17 Complete
Guide .
Rational decision making involves
A. choosing the cheapest option.
B. choosing the highest-quality option.
C. choosing the option that best helps you realize your goals, given your resources.
D. avoiding choices that involve scarce resources. - ANSWER: (C.) choosing the option
that best helps you realize your goals, given your resources.
A scarce resource
A. is always very expensive.
B. is hard to find.
C. is not something managers need to worry about.
D. has multiple uses. - ANSWER: (D.) has multiple uses.
Which of the following are scarce resources?
A. Space in a building
B. The time of a manager
C. Pharmaceuticals
D. all of the above - ANSWER: (D.) all of the above
A 2017 study showing that the proportion of people with health insurance is higher
among people with higher income - ANSWER: is an example of positive economics.
A study arguing that the United States should adopt a single-payer health system -
ANSWER: is an example of normative economics
Compared to Canada, France, Germany, Switzerland, and the United Kingdom, the
United States
A. had the highest spending per person and the shortest life expectancy in 2016.
B. had the lowest spending per person and the shortest life expectancy in 2016.
C. had the lowest spending per person and the longest life expectancy in 2016.
D. had the highest spending per person and the longest life expectancy in 2016. -
ANSWER: (A.) had the highest spending per person and the shortest life expectancy
in 2016.
Which of the following is not a challenge that affects healthcare managers more than
other managers?
A. Insurance
B. Information asymmetries
C. Not-for-profit organizations
D. Competition - ANSWER: (D.) Competition
, When a physician understands the treatment options better than the patient -
ANSWER: this is an example of asymmetric information.
Insurance makes transactions complex because
A. it adds parties to medical transactions.
B. different insurers have different payment rules and rates.
C. different insurers have different claim forms.
D. All of the above. - ANSWER: (D.) All of the above.
Not-for-profit organizations are often harder to run than for-profit firms. - ANSWER:
True
ADC makes latex-free tubing for blood pressure instruments. This is
A. an output of ADC.
B. an input into the production of health.
C. both an input and an output.
D. These concepts do not apply to this sort of product. - ANSWER: (C.) both an input
and an output.
From an input perspective,
A. only the cost of a product matters.
B. only the performance of the product matters.
C. both the price and performance of the product matter.
D. the price and performance of the product have to be compared to alternatives. -
ANSWER: (D.) the price and performance of the product have to be compared to
alternatives.
Exhibit 2.1 in the text suggests that
A. colonoscopies for 81-year-old African American men will save many life years.
B. multidisciplinary management for heart failure does not save lives.
C. interventions to reduce childhood obesity do not save life years.
D. the antismoking intervention saved the most lives of the programs considered. -
ANSWER: (D.) the antismoking intervention saved the most lives of the programs
considered.
According to 2017 OECD data, American life expectancy at birth
A. is 27th among the 34 OECD members.
B. is the shortest in the OECD.
C. trails only Denmark.
D. is the highest in the world. - ANSWER: (A.) is 27th among the 34 OECD members.
Exhibit 2.2 shows that healthcare spending rose from 12.5% in 2000
A. to 21.5% in 2016.
B. to 17.2% in 2016.
C. to 13.8% in 2016.
D. to 12.8% in 2016. - ANSWER: (B.) to 17.2% in 2016.
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