Ec248 final - Study guides, Class notes & Summaries

The principles of the Canada Health Act include all EXCEPT Universality Portability Equity Public Administration - Answer-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. - Answer-Number of physicians per capita. In Canada, the supply of physicians has decreased substantially over time resulting in the current shortage. risen steadily over t...

EC248 Final Exam With Verified Solutions. - answerChapter 7 - risk because there is a fear of the unknown - forfeiting income in good times to get money in bad times - answerDemand for Insurance U'(1)>0, utility increases with income U''(1)<0, marginal utility for income is declining - answerRisk Aversion - probability of sickness= P (between 0 and 1) - probability healthy= 1-p - Is= income if sick - IH>Is= income if healthy E(I)= PIs + (1-P)U(IH) - answerUncertainty - P=...

EC248 Final UPDATED Exam Questions and CORRECT 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. - Correct ANSWER- sector is one of the largest sectors in most OECD countries.

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...

ec248 final questions with correct 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.

Ec248 Final Exam Questions With 100% 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. - answerD.utilization is observable and ...

EC248 Final PASSED Exam Questions and CORRECT Answers - Correct ANSWER- Chapter 7 - risk because there is a fear of the unknown - forfeiting income in good times to get money in bad times - Correct ANSWER- Demand for Insurance U'(1)>0, utility increases with income U''(1)<0, marginal utility for income is declining - Correct ANSWER- Risk Aversion

EC248 Final Exam Questions With Complete Solutions.

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...