Exam 1: MHA 710 / MHA710 (Latest 2025 / 2026) Healthcare Economics | Questions and Verified Answers | 100% Correct | Grade A - LSU
Question:
Opportunity cost is a measure of
Answer:
foregone opportunities and value based on the alternative not chosen
Question:
The oppurtunity cost o...
Question:
Opportunity cost is a measure of
Answer:
foregone opportunities and value based on the alternative not chosen
Question:
The oppurtunity cost of investing in a new lithotripter is
Answer:
Defined by the next best use of the money invested in the equipment
Question:
What percentage of Americans considered the complete repeal of the Patient
Protection and ACA of 2010 a good thing?
Answer:
40%
,Question:
By 2020, what was the forecasted % amount of health care spending paid by
individuals
Answer:
10.4
Question:
According to recent public opinion polls, what percentage of Americans are
satisfied with the quality of the medical care they receive?
Answer:
70%
Question:
According to economic theory what is the optimal percentage of GDP to be
spent on medical care?
Answer:
There is no widely accepted way to determine the optimal percentage.
, Question:
Which of the following statements is based on positive analysis?
Answer:
Individuals without health insurance have less access to physicians' services
than those who have health insurance AND The high cost of health insurance
places U.S. firms at a competitive disadvantage with their foreign competitors.
Question:
Economists use the term marginal to describe costs and benefits
Answer:
that are incremental and thus relevant to decision making
Question:
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, how many of all employees who participate in group
insurance plans work for firms that self-insure?
Answer:
two-thirds
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