NURS 402: Final Exam questions with correct answers
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Module
Nurs 402
Institution
University Of Maryland - University College
What is economics? Correct Answer-Economics is the science concerned with the use of resources, including the production, distribution, and consumption of goods and services
What is health economics? Correct Answer-Health economics is concerned with how scarce resources affect the health care in...
NURS 402: Final Exam questions with correct
answers
What is economics? Correct Answer-Economics is the science
concerned with the use of resources, including the production,
distribution, and consumption of goods and services
What is health economics? Correct Answer-Health economics is
concerned with how scarce resources affect the health care industry
What is public health economics? Correct Answer-Public health
economics focuses on the production, distribution, and consumption of
goods and services as related to public health and where limited public
resources might best be spent to save lives or best increase the quality of
life
What is public health finance? Correct Answer-Public health finance is a
growing field of science and practice that involves the acquiring,
managing, and using of monies to improve the health of populations
through disease prevention and health promotion strategies
This field of study also focuses on evaluating the use of the money and
the impact on the public health system
What principles suggest how public health financing may occur? Correct
Answer-1.) The source and use of monies are controlled solely by the
government
,2.) The government controls the money, but the private sector controls
how the money is used
3.) The private sector controls the money, but the government controls
how the money is used
4.) The private sector controls the money and how it is used
When the government provides the funding and controls the use, the
monies come from taxes, user fees (e.g., license fees and purchase of
alcohol/cigarettes), and charges to consumers of the services
What is microeconomic theory? Correct Answer-Microeconomic theory
deals with the behaviors of individuals and organizations and the effects
of those behaviors on prices, costs, and the allocating and distributing of
resources
What are the 2 basic principles of microeconomic theory? Correct
Answer-- Supply
- Demand
Both of these are affected by price
Decreased quantity/availability of an object/service results an increase in
the cost/price
,Increased quantity/availability of an object/service results in a decrease
in the cost/price
What is efficiency? Correct Answer-Efficiency refers to producing
maximal output, such as a good or service, using a given set of resources
(or inputs), such as labor, time, and available money
Efficiency suggests that the inputs (labor/time/money) are combined and
used in such a way that there is no better way to produce the service, or
output, and that no other improvements can be made
What is effectiveness? Correct Answer-Effectiveness refers to the extent
to which a healthcare service meets a stated goal or objective, or how
well a program or service achieves what is intended
For example, the effectiveness of a mass immunization program is
related to the level of "herd immunity" developed to reduce the problem
that the program was addressing
What is macroeconomic theory? Correct Answer-Macroeconomic theory
focuses on the "big picture" - the total, or aggregate, of all individuals
and organizations (e.g., behaviors such as growth, expansion, or decline
of an aggregate)
In macroeconomics, the aggregate is usually a country or nation
, What does economic growth reflect? Correct Answer-Economic growth
reflects an increase in the output of a nation
What are measures of economic growth? Correct Answer-- Gross
national product (GNP)
- Gross domestic product (GDP)
What is gross national product (GNP)? Correct Answer-Gross national
product (GNP) is the total market value of all goods and services
produced in an economy during a period of time (e.g., quarterly or
annually)
GNP reflects national output plus income earned by U.S. businesses or
citizens, whether within the United States or internationally
What is gross domestic product (GDP)? Correct Answer-Gross domestic
product (GDP) is the total market value of the output of labor and
property located in the United States
GDP only reflects only the national U.S. output
What are the primary methods of assessing the economics of an
intervention? Correct Answer-- Cost-benefit analysis (CBA)
- Cost-effectiveness analysis (CEA)
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