Exam (elaborations)
MHA 710 Test 2
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Exam of 10 pages for the course Healthcare Finance MHA 706 at Healthcare Finance MHA 706 (MHA 710 Test 2)
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MHA 710 Test 2Many economists consider medical care a superior good. Which of the following
statements is true regarding a superior good?
As consumer incomes increases, consumers spend more on superior goods.
The primary tasks required to conduct a successful cost effectiveness study are
all of the following except:
identifying the overall cost of a health condition on society.
There are substantial differences in medical care use by demographic
characteristics such as age, sex, and marital status. Which of the following
statements is true
Adult women spend more money on medical care than men do.
Which of the following would likely lead to the greatest improvement in the health
status of the population in the US?
Improved lifestyle changes
Factors affecting the level of medical care demand include all of the following
except:
Price of medical care
The intangible costs associated with reduced quality of life include:
Pain and Suffering
According to Grossman (1972), how is the demand for medical care determined?
It is derived from the demand for health
, When area income increases by 20 percent, what occurs
quantity demanded rises by 10%
The direct costs in an economic evaluation include all of the following except:
Reduced productivity at work
Suppose your assignment is to use the standard time trade-off approach to
measure quality of life. You are given the following information: An individual is
faced with living the remaining 10 years of their life suffering from severe
osteoporosis. The individual reveals that they would be willing to give up four of
those years to live the remaining six in perfect health. What is the utility of one
year in a chronic health state relative to perfect health?
0.6
Suppose you must rely exclusively on cost-effectiveness analysis (CEA) to
determine whether a category of people receives an expensive, potentially
life-saving, intervention. Which of the following considerations must you keep in
mind when making your decision?
CEA ignores the possibility that certain unidentified individuals in a group may
have a greater than normal positive response to the treatment.
Under which of the following circumstances in the principal-agent relationship
likely to be most problematic?
Between surgeons and patients
The accompanying diagram depicts the relationship between health status and
medical care spending for a particular country. Assume the current spending
level is S1 on TP1. All of the statements below are incorrect, except?
S1 levels of spending are often described as spending on the flat of the curve.
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