Ec248 final - Study guides, Class notes & Summaries

Drug formularies: - help manufacturers determine which drugs are efficacious. -help salesmen determine what to sell -determine which drugs will be covered by third-party payers -Answers b. and c. are correct. -determine which drugs will be covered by third-party payers In North America it is typical for physicians to work in hospitals but not be employed by them. This is a form of: -vertical integration - horizontal integration -incomplete horizontal integration -incomplete vertical i...

EC248 FINALE 2 QUESTIONS WITH 100% CORRECT ANSWERS!!

EC248 Final Exam Review Questions and answers/ VERIFIED. The __________ health care depends on preferences, budget constraint, price, supply factors. demand for need for availability of utilization of utilization of 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 oft...

EC248 Final Exam Questions and answers, rated A+ Drug formularies: - help manufacturers determine which drugs are efficacious. -help salesmen determine what to sell -determine which drugs will be covered by third-party payers -Answers b. and c. are correct. -determine which drugs will be covered by third-party payers In North America it is typical for physicians to work in hospitals but not be employed by them. This is a form of: -vertical integration - horizontal integration -inco...

EC248 Final Exam Questions and answers, rated A+ The principles of the Canada Health Act include all EXCEPT Universality Portability Equity Public Administration - -Equity The following is not a measure of health outcome: Number of physicians per capita. Population incidence of malaria. Death rate for children under the age of 5. Estimated men's lifespan. - -Number of physicians per capita. In Canada, the supply of physicians has decreased substantially over time resulting in the...

EC248 Final Exam Review Questions and answers Health care a) is the most important determinant of health in OECD countries. b) is the most expensive determinant of health in OECD countries. c) spending continues to grow rapidly in most OECD countries. d) sector is one of the largest sectors in most OECD countries. - sector is one of the largest sectors in most OECD countries. What statement best describes a health system? a) Aspects of society that have an important bearing on the hea...

EC248 final Exam Questions and answers, rated A+ 2 gov't options to improve social welfare in the presence of externalities - -pigouvian tax/subsidy coasian bargaining two conditions of the coase theorem - -1. property rights are well defined 2. transaction/bargaining costs are low 3 reasons why physicians are not perfect agents of care - -1. overutilization of care 2. physician-induced demand/ defensive medicine 3. racial discrimination 3 types of hospital-physician relationships - -...

EC248 FINALE 2 QUESTIONS WITH 100% CORRECT ANSWERS!!

EC248 Fall 2022 Final Exam Questions and answers, rated A+ What statement best describes a health system? a) Aspects of society that have an important bearing on the health care of individuals and the population. b) Aspects of society that have an important bearing on the health of individuals and the population. c) Aspects of society that have an important bearing on the health care at the population level. d)Aspects of society that have an important bearing on health at the population...

EC248 FINALE 2 UPDATED Exam Questions and CORRECT 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. - Correct ANSWERD.utilization is o...