Ec248 - Study guides, Class notes & Summaries

EC248 - Chapter 5 questions with correct answers

EC248 Final Exam Questions With Complete Solutions.

EC248 MIDTERM UPDATED Exam Questions and CORRECT Answers 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 populatio...

characteristics of a well functioning market - - no market power - no externalities - adequate information 3 stages of economic analysis - 1) identification 2) measurement 3) valuation cost effectiveness analysis - number/ quantity of years gained cost utility analysis - QALY - quantity and quality of years gained cost benefit analysis - - values health outcome in monetary terms -human capital approach: wage rate -willingness to pay approach: amount willing to pay

EC248 Midterm MC (Questions & Answers) 100% Correct!!

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 - 1. "physician's workbench": not directly employed b...

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. - ANS 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 health care of individuals and the p...

EC248 MIDTERM EXAM QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

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 FINALE 2 QUESTIONS WITH 100% CORRECT ANSWERS!!