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2-2 Quiz: What Is Economics (questions well answered to pass)
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2-2 Quiz: What Is Economics (questions well answered to pass)
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2-2 Quiz: What Is EconomicsTrue or false: The objective of regulation is consumer protection. - correct answer ✔✔True
The study of healthcare economics includes which of the following microeconomic factors that impact
the decision-making process of the healthcare manager? - correct answer ✔✔Supply, demand, and price
The Affordable Care Act (ACA) is a complex law that has multiple provisions. The ACA was passed by
congress and signed into law on March 23, 2010. Which of the following is a major provision that is
focused on reshaping the healthcare sector? - correct answer ✔✔All of the above
True or false: When a healthcare manager is analyzing costs associated with the delivery of healthcare
services, the healthcare manager should not consider the fixed and variable costs of the delivery. -
correct answer ✔✔False
Which of the following statements is true? - correct answer ✔✔Incremental cost are the same as
marginal cost
True or false: An inefficient program has costs that are higher than the quality the product warrants. -
correct answer ✔✔True
The main function of health insurance is: - correct answer ✔✔To pool the risk of healthcare post
The study of healthcare economics includes which of the following macroeconomic factors that impact
the decision-making process of the healthcare manager? - correct answer ✔✔All of the above
Which of the following is one of the most significant problems facing the U.S. healthcare system in
comparison to other countries, causing the need to transform the healthcare industry? - correct answer
✔✔High per capital cost
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