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MHA 710 HEALTH CARE ECONOMICS EXAM 2 ACTUAL 2024 EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 ACCURATE QUESTIONS WITH DETAILED VERIFIED ANSWERS /ALREADY GRADED A+$18.99
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MHA 710 HEALTH CARE ECONOMICS EXAM 2 ACTUAL 2024 EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 ACCURATE QUESTIONS WITH DETAILED VERIFIED ANSWERS /ALREADY GRADED A+
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Course
MHA 710 HEALTH CARE ECONOMICS
Institution
MHA 710 HEALTH CARE ECONOMICS
MHA 710 HEALTH CARE ECONOMICS
EXAM 2 ACTUAL 2024 EXAM 2
VERSIONS (VERSION A AND B)
COMPLETE 400 ACCURATE
QUESTIONS WITH DETAILED
VERIFIED ANSWERS /ALREADY
GRADED A+
MHA 710 HEALTH CARE ECONOMICS
EXAM 2 ACTUAL 2024 EXAM 2
VERSIONS (VERSION A AND B)
COMPLETE 400 ACCURATE
QUESTIONS WITH DETAILED
VERIFIED ANSWERS /ALREADY
GRADED A+
Many economists consider medical care a superior
good. Which of the following statements is true
regarding a superior good?
A. When the price of a superior good increases,
consumers demand more of it.
B. Consumers want more of a superior good
regardless of its price.
C. Superior goods are considered necessities.
D. A superior good has an income elasticity of
demand less than one.
,E. As consumer income increases, consumers spend
more on superior goods. - ....ANSWER...E. As
consumer income increases, consumers spend
more on superior goods.
According to Grossman (1972), how is the demand
for medical care determined?
A. Insurance coverage is the most important factor
B. It is derived from the demand for health
C. It is determined primarily by the age of the
individual
D. Genetic factors are all that matter -
....ANSWER...B. It is derived from the demand for
health
Researchers use cost-of-illness studies for all of
the following except to:
A. Determine the low-cost option to treat a disease
B. Study the burden of a disease
C. Increase public awareness of the cost of treating
certain diseases
D. Compare two or more treatment options when the
medical outcome is identical
,E. Compare the relative efficiency of treating various
conditions - ....ANSWER...E. Compare the relative
efficiency of treating various conditions
The intangible costs associated with reduced quality
of life include:
A. Lost productivity at work
B. Pain and suffering
C. The cost of home remodeling to accommodate a
physical handicap
D. Potential income lost due to premature death
E. Household services that must be replaced, such
as housework - ....ANSWER...B. Pain and suffering
A physician's ability to induce demand is greatly
enhanced when:
A. Treatment options are limited
B. The physician follows strict treatment guidelines
C. Patients have difficulty gathering and processing
information
D. Patients pay their own medical bills
, E. Patients request follow-up visits - ....ANSWER...C.
Patients have difficulty gathering and processing
information
The concept of quality-adjusted life year (QALY):
A. Is used extensively in the United States to
evaluate health care programs
B. Has little application to medical decision making
C. Is a multidisciplinary approach to measuring
health status
D. Is used extensively to evaluate medical care
resource allocation within government-run
programs on fixed budgets, especially in Europe
E. Is given an arbitrary value when applied to a real
world problem - ....ANSWER...D. Is used extensively
to evaluate medical care resource allocation within
government-run programs on fixed budgets,
especially in Europe
The standard cut-off for cost per quality-adjusted
life year (QALY) used by most governmental decision
makers is set in terms of a multiple of national per
capita income. The value of the threshold is usually
what percent of national per capita income?
A. 200
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