Utilization of health care is often the starting point for studies into the need and/or
demand for health care because
A.the concepts are interchangeable and utilization is easiest to measure.
B.demand and utilization are equal and need is unobservable.
C.demand and utilization are similar and...
ec248 finale 2 Questions and Answers
Utilization of health care is often the starting point for studies into the need and/or
demand for health care because
A.the concepts are interchangeable and utilization is easiest to measure.
B.demand and utilization are equal and need is unobservable.
C.demand and utilization are similar and utilization is easy to measure.
D.utilization is observable and offers information on demand and need.
o :# D.utilization is observable and offers information on demand and need.
Evidence indicates the demand for health care is
A.perfectly inelastic
B.perfectly elastic
C.inelastic
D.elastic
o :# C.inelastic
In general, the most important determinant of the demand for health care is the
individual's
A.preferences
B.health status
C.physician's advice
, 2024/2025 2|Page
D.insurance status
o :# B.health status
The Rand experiment indicated the demand for outpatient care ________ demand for
inpatient care.
A.is more elastic than the
B.is less elastic than the
C.has the same elasticity as the
D.cannot be compared to the
o :# A.is more elastic than the
The __________ health care depends on preferences, budget constraint, price, supply
factors.
A.demand for
B.need for
C.availability of
D.utilization of
o :# D.utilization of
Evidence indicates that the income elasticity of demand for health care is
A.inelastic at the individual level and more elastic at the aggregate level
B.inelastic at the individual and inelastic at the aggregate levels
, 2024/2025 3|Page
C.elastic at the individual level and more elastic at the aggregate level
D.elastic at the individual level and less elastic at the aggregate level
o :# A.inelastic at the individual level and more elastic at the aggregate level
In a causal model, the demand for health care is not depicted as a function of
A.non-need determinants of demand
B.utilization
C.health status
D.preference
o :# B.utilization
The need for health care depends on an individual's
A.preferences.
B.budget constraint.
C.health status.
D.price.
o :# C.health status.
Supplier-induced demand
A.always decreases efficiency because the care is likely not needed or wanted.
B.is often efficient and desirable as patients get care they may not have demanded.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £9.13. You're not tied to anything after your purchase.
