Test Bank for Economics of Health and Medical Care, 7th Edition by Lanis Hicks
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Course
Health Care
Institution
Health Care
Test Bank for Economics of Health and Medical Care 7e 7th Edition by Lanis Hicks. Full Chapters test bank are included - Chapter 1 to 17
Chapter 1 Overview of Economics
Chapter 2 Output of the Health Care Sector
Chapter 3 Economic Dimensions of the Health Care System
Chapter 4 Demand ...
Economics of Healthcare and Medical Care, Seventh Edition
Lanis Hicks, PhD
Chapter 1—Overview of Economics
Multiple Choice
1. Perhaps the most glaring deficiency in the United States today is:
A) The scarcity of healthcare resources
B) The lack of affordable health insurance coverage
C) The high cost of health care services
D) The poor health status of the population
Ans: B
Complexity:
Ahead:
Subject: Chapter 1
2. The three major tasks of economics are:
A) Description, Explanation, Prediction
B) Description, Evaluation, Estimation
C) Description, Explanation, Evaluation
D) Description, Evaluation, Estimation
Ans: C
Complexity:
Ahead:
Subject: Chapter 1
3. If the quantity of physician visits increases when the price of physician visits decreases, we
can conclude the causal relation is:
A) Negative
B) Positive
C) Constant
D) Unrelated
Ans: A
Complexity:
Ahead:
Subject: Chapter 1
4. In the following graph, if the price of visits if $300, the quantity of visits demanded is:
<INSERT Figure 1.1>
A) 40
B) 30
, Economics of Healthcare and Medical Care, Seventh Edition
Lanis Hicks, PhD
Chapter 1—Overview of Economics
C) 20
D) 10
Ans: D
Complexity:
Ahead:
Subject: Chapter 1
5. If a $200 increase in price is associated with an increase in quantity of 50 visits, with regard to
the quantity axis the slope is:
A) 200/50
B) 200 X 50
C) 50/200
D) 50 X 200
Ans: B
Complexity:
Ahead:
Subject: Chapter 1
True/False
1. Scarcity is a major cause of many of today’s healthcare system problems.
Ans: True
Complexity:
Ahead:
Subject: Chapter 1
2. Scarcity is defined as the excessive quantity of available goods and services compared with
the amounts that people desire.
Ans: False
Complexity:
Ahead:
Subject: Chapter 1
3. The size of the uninsured and underinsured population in the United States has become an
indication of the access problems in the US healthcare system.
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