Exam 2 Prep: MHA 710 / MHA710 (Latest 2025 / 2026) Healthcare Economics | Questions and Verified Answers | 100% Correct | Grade A - LSU
Question:
The standard cut-off for cost per QALY is ______ per capita income.
Answer:
a. equal to
b. 2 times
c. 3 times
d. 4 times
e. 5 times
Qu...
Question:
The standard cut-off for cost per QALY is ______ per capita income.
Answer:
a. equal to
b. 2 times
c. 3 times
d. 4 times
e. 5 times
Question:
Cost-effectiveness considerations are more formally integrated into health
policy making in
Answer:
Australia, Europe, and Canada
,Question:
Steps in performing a cost-effectiveness analysis include all of these EXCEPT
Answer:
prioritizing the alternative treatment options.
Question:
Researchers use cost-of-illness studies to
Answer:
a. study the burden of a disease.
b. determine the low-cost option to treat a disease.
c. compare two or more treatment options when the medical outcome is
identical.
d. increase public awareness of cost of treating certain diseases.
e. do all of the above. - answer
Question:
Many economists consider medical care a superior good. Which of the
following statements is true regarding a superior good?
Answer:
As consumer income increases, a larger percentage of that income is spent on
superior goods AND A superior good has an income elasticity of demand
greater than 1.
, Question:
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
Answer:
supplier-induced demand.
Question:
The top ten causes of death in the United States in 2010 included all of the
following except
Answer:
AIDS
Question:
1The accompanying diagram depicts the relationship between health status
and medical care spending for a particular country. Which of the following
statements is true?
Answer:
Social pressures will move the health care system to spend S2.
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