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MHA 710 - Healthcare Economics - Exam 2023/2024
MHA 710 - Healthcare Economics - Exam 2023/2024
[Show more]MHA 710 - Healthcare Economics - Exam 2023/2024
[Show more]Which of the following statements about the distribution of physicians among 
specialties is true in the United States? 
a. The majority of physicians specialize in general/family practice. 
b. There are twice as many specialists as there are generalists. 
c. The specialty distribution in the United...
Preview 2 out of 15 pages
Add to cartWhich of the following statements about the distribution of physicians among 
specialties is true in the United States? 
a. The majority of physicians specialize in general/family practice. 
b. There are twice as many specialists as there are generalists. 
c. The specialty distribution in the United...
b. long-run average costs decline as output increases 
Economies of scale refers to a situation in a production process where long-run 
average cost declines as output expands. Efficiency-improving expansion leads 
to a number of technical advantages: increased purchasing power along with 
specializ...
Preview 4 out of 31 pages
Add to cartb. long-run average costs decline as output increases 
Economies of scale refers to a situation in a production process where long-run 
average cost declines as output expands. Efficiency-improving expansion leads 
to a number of technical advantages: increased purchasing power along with 
specializ...
Many economists consider medical care a superior good. Which of the following 
statements is true regarding a superior good? 
As consumer incomes increases, consumers spend more on superior goods. 
The primary tasks required to conduct a successful cost effectiveness study are 
all of the following ...
Preview 2 out of 10 pages
Add to cartMany economists consider medical care a superior good. Which of the following 
statements is true regarding a superior good? 
As consumer incomes increases, consumers spend more on superior goods. 
The primary tasks required to conduct a successful cost effectiveness study are 
all of the following ...
Using the physician-control model to explain hospital behavior leads to which of 
the following conclusions? 
Other medical inputs tend to be overused to maximize physicians' productivity 
Compared to the not-for-profit organizational form, the for-profit environment 
Allows for the transfer of ass...
Preview 2 out of 6 pages
Add to cartUsing the physician-control model to explain hospital behavior leads to which of 
the following conclusions? 
Other medical inputs tend to be overused to maximize physicians' productivity 
Compared to the not-for-profit organizational form, the for-profit environment 
Allows for the transfer of ass...
What is "economics"? - CORRECT ANSWER-A Map for decision making. 
Economics analyzes the allocation of scarce resources. 
What are some of the specific challenges faced by managers in healthcare? - 
CORRECT ANSWER-1. The central roles of risk and uncertainty 
2. The complexities created by insuran...
Preview 2 out of 15 pages
Add to cartWhat is "economics"? - CORRECT ANSWER-A Map for decision making. 
Economics analyzes the allocation of scarce resources. 
What are some of the specific challenges faced by managers in healthcare? - 
CORRECT ANSWER-1. The central roles of risk and uncertainty 
2. The complexities created by insuran...
In order to be a successful price discriminator, a provider must have a degree of 
market power (depicted by a downward-sloping demand curve) and meet what 
other condition(s)? 
a. Customers cannot know that different prices are being charged. 
b. Markets must be segmentable, identifying differences...
Preview 3 out of 25 pages
Add to cartIn order to be a successful price discriminator, a provider must have a degree of 
market power (depicted by a downward-sloping demand curve) and meet what 
other condition(s)? 
a. Customers cannot know that different prices are being charged. 
b. Markets must be segmentable, identifying differences...
Suppose your assignment is to use the standard time trade-off approach to 
measure quality of life. You are given the following information. An individual is 
faced with leaving the remaining 10 years of their life suffering from severe 
osteoporosis. The individual reveals that they would be willin...
Preview 3 out of 23 pages
Add to cartSuppose your assignment is to use the standard time trade-off approach to 
measure quality of life. You are given the following information. An individual is 
faced with leaving the remaining 10 years of their life suffering from severe 
osteoporosis. The individual reveals that they would be willin...
Research indicates that the 2014 expansion of Medicaid has led to a number of 
unintended consequences including: - CORRECT ANSWER-higher per capita 
spending on the expansion population than anticipated. 
Which of the following statements is true about the Medicaid program? - 
CORRECT ANSWER-The ma...
Preview 2 out of 5 pages
Add to cartResearch indicates that the 2014 expansion of Medicaid has led to a number of 
unintended consequences including: - CORRECT ANSWER-higher per capita 
spending on the expansion population than anticipated. 
Which of the following statements is true about the Medicaid program? - 
CORRECT ANSWER-The ma...
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Suppose you must rely exclusively on cost-effectiveness analysis (CEA) to 
determine whether a category of people receives an expensive, potentially 
life-saving, intervention. Which of the following considerations must you keep in 
mind when making your decision? - CORRECT ANSWER-CEA ignores the 
p...
Preview 2 out of 5 pages
Add to cartSuppose you must rely exclusively on cost-effectiveness analysis (CEA) to 
determine whether a category of people receives an expensive, potentially 
life-saving, intervention. Which of the following considerations must you keep in 
mind when making your decision? - CORRECT ANSWER-CEA ignores the 
p...
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