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EC248 Final Exam Questions With Complete Solutions.
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EC248 Final Exam Questions With Complete Solutions.
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Name: Score:108 Multiple choice questions
Term 1 of 108
In Canada, recently the predominant mechanism of funding for physician services is
capitation
fee-for-service
salary
mixed methods of funding
Term 2 of 108
The hospital sector
spending continues to increase as a proportion of total health care expenditures
has seen an increase in out-patient services due to decreasing investment in hospitals
comprises the largest component of the health care system
has seen a decrease in the number of beds and thus in services provided
Term 3 of 108
Supplier-induced demand
always decreases efficiency because the care is likely not needed or wanted.
is often efficient and desirable as patients get care they may not have demanded.
is always efficient because only the physician knows what is medically necessary.
is often inefficient as patients receive services they could not afford without insurance.
,Term 4 of 108
Expenditures on pharmaceuticals
are the highest proportion of health care expenditures
have been steadily growing over the last two decades
are not a policy concern because they are not publicly funded
are a policy concern because they create spillover to research and development
Term 5 of 108
The hospital sector is dominated by
for profit organizations
not-for-profit organizations
not-only-for profit organizations
charitable organizations
Term 6 of 108
The education-health gradient
finds people of higher levels of education are less healthy, on average, than those of lower
levels of education
is a causal relationship
indicates that investments in education will increase health
finds people of higher levels of education are healthier, on average, than those of lower
levels of education
,Term 7 of 108
Which statement is NOT true?
Marginal analysis and average analysis lead to the similar outcomes.
Marginal analysis asks 'what happens if I do something a little more?
Marginal analysis is used to identify the optimal level of a good or activity.
Total benefit is maximized where marginal cost equals marginal benefit.
Term 8 of 108
The following is not a driver of increased health care expenditures:
Increases in the quantity of health care
Increases in the quality of health care
Increases in the price of health care
Increases in the health care covered under public insurance
Term 9 of 108
____________ refers to the demand for health because an individual derives utility directly from being
healthy
Investment demand for health
Consumption demand for health
Derived demand for health
Direct demand for health
, Term 10 of 108
Monopsony refers to
a single supplier in the market
a single buyer in the market
a barrier to entry to the market
an important policy tool
Term 11 of 108
The need for health care depends on an individual's
preferences.
budget constraint.
health status.
price.
Term 12 of 108
Market power implies
a well functioning market.
only market forces set prices.
an ability to influence market price.
perfect competition.
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