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LSUS MHA 710 Economics Exam 2 Questions and Answers
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LSUS MHA 710 Economics Exam 2 Questions and Answers
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LSUS MHA 710 Economics Exam 2Which of the following is the result of providers having more information about treatment alternatives
than their patients do? - Answer -Principal-agent problem.
The number one cause of death in the United States was ______ in the 1980. By 2018, it was _____. -
Answer -Heart disease ; heart disease
One result of asymmetric information in health insurance markets is: - Answer -Adverse selection.
Research associates obesity with a higher risk of all the following conditions except: - Answer -Type 1
Diabetes.
The accompanying diagram depicts the relationship between health status & medical care spending for
particular country. Assume the current spending level is S1 on TP1. All of the statements below are true?
- Answer -S1 levels of spending are often described as spending on the flat of the curve.
According to Grossman (1972), how is the demand for medical care determined? - Answer -It is derived
from the demand for health.
All of the following statements are true regarding social insurance, except: - Answer -It is usually
experience-rated, with premiums based on ability to pay.
The goal of health insurance is to: - Answer -Collect sufficient premiums to cover all possible losses.
, The nature of health care delivery will be different in the future due to: - Answer -A rising percentage of
eldering in the total population.
A physician's ability to induce demand is greatly enhanced when: - Answer -Patients have difficulty
gathering & processing information.
People buy insurance: - Answer -Because they are risk-averse.
Infant mortality rate is associated with low birth weight. By what percent would the U.S. infant mortality
rate fall, if the United States had the same birth weight distribution as Sweden? - Answer -34
A major factor contributing to the growth in employee-based health insurance in the United States has
been: - Answer -The tax-free treatment of health insurance as an employee benefit.
Which of the following is least responsible for the reduction in mortality rates in Europe & North
America? - Answer -More effective medical interventions.
Insurance works best in situations where: - Answer -There is a low probability of a large loss.
Looking at the price of physician services vs. the quantity supplied in the graph below, the shift in the
demand curve to D1 results in a new equilibrium at point c wit P1 and Q1, which would mean: - Answer -
An increase in total spending.
All of the following types of analyses address the questions related to optimal resource allocation,
except: - Answer -Comparative-effectiveness analysis.
What is responsible for over one-half of the gap in life expectancy between the U.S. & Canada? - Answer
-Obesity
A _____ percentage of the French population is obese, they consume _____ fat than Americans do. -
Answer -Small ; Less
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