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Exam (elaborations)

ec248 finale 2 Questions and Answers

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  • Course
  • EC248
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  • EC248

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...

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  • September 2, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • EC248
  • EC248
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ExamArsenal
2024/2025 1|Page




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.

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